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Microcap & Penny Stocks : CMOZ, next cmgi

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To: Leroyt who wrote (750)	5/19/1999 2:54:00 AM
From: Toby Zidle	of 947

Don't you think the rapidly rising volume can represent a potential problem, Leroyt? With a float of 14+ million shares, we have equalled that in trading beginning last Wednesday. Tuesday's 6 million shares volume represents 40% of the whole float. That infers an average holding period of only 2 1/2 days. CMOZ is becoming a trading stock. Probably day traders account for much of the volume. So once the stock takes a small rest in its climb, the day traders will likely accelerate the selling. My concern is that we may be setting ourselves up for another fall, just like on the last two trading days of January, when we went from a high of $5 to a low of $2. That would be disasterous for investor confidence in CMOZ. It can happen. Any comments, anyone?

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