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Microcap & Penny Stocks : CMOZ, next cmgi

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To: Leroyt who wrote (657)	5/11/1999 8:10:00 AM
From: TOPCAT1	Read Replies (2) of 947

I agree... more time is required to catch investor interest... nothing happens overnight but the given the price trend lately and the business activity which continues (Infospace.com is a good example of more to come), it is just a matter of time before the float thins and up shoots the price... the shorts were obviously a bit concerned yesterday with over 700,000 shares of buying coming into the play... the MM have to sell stock and of course as we all know, they continue to short stock in hopes of eventually bringing the price down when it gets quite so they can cover at least at or below their average in price... however, the buying was very strong yesterday and when they tried to push the price down in the last 30 minutes another very strong wave of buying appeared... I suspect today should be interesting if the buying continues... at some point if CMOZ continues to put our releases of new business, then the short positions will have to cover for fear of another new wave of much more serious buying hits the floor...

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