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Organized short selling... in my opinion, and from what I have been able to determine on the net, there has been information passing in the short groups to short CMOZ at $5.00 and cover at $3.50.... many did and this is what happened, I think.... the shorts loaded the board at $4.75 and let everyone get their fill, then as the market buying slowed and the board looked thin on the buy side, down went the price as shorts loaded up the board... well... that really started something, everyone threw their shares on the board in panic and the price drove down into the $2.75 range (IMO - oversold panic reaction), the price cycled a couple of times as the shorts began to cover, that was why the price ran back to $3.50 so quickly, then CMOZ puts out a great press release, price moves up to near $4.00, but over the next couple of hours, the price slides to $3.00 as the MMs pull the bids and investors sit on the sideline to see what else shakes out... now, in the last 10 minutes (count them - 10), the price ran from $3.00 to $3.87... that was extremely encouraging... it will be interesting to see how much stock gets sucked out today... given yesterday's press release, I don't think this one is over yet... |
