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Microcap & Penny Stocks : CML group - large investors are in -- Ignore unavailable to you. Want to Upgrade?

To: BostonView who wrote (58)	6/11/1998 9:50:00 PM
From: KEN	Respond to of 109

I expected a large range on the stock.... I was right except instead of a range to the upside it was to the downside........The 'rumors" are the string of rumors that the company is filing bankruptcy on Monday the 15th.......NOT TRUE! Like I've said before this stock will make a fool out of anyone........it is unpredictable......I never ever expected it to break 2 again.......however, I did expect it to drop from 3 because of nervousness of the upcoming earnings. I'm betting on a bounce next week.......not to trade.....I expect the stock will be looking ugly tomorrow(Friday). The rumors by the shortsellers will drive panicky investors out over the weekend.....look for it to be at a low of 1 3/8 to 1 1/2.....and about a point higher next week when they DON'T file chapter 11.......I'm sticking my neck out here I hope you realize that......the possible (not probable) announcements were that they would comment on restructuring.....the minor to major announcement is that resolution would come as early as July. The stock was at 3 1/4 when I made that comment.......the point I was making was it could have the bottom fall out (which it did) or could be taking off.........my response was that no one should be buying the stock looking for 25 cent moves.......sooner or later you'll get burned to the upside or downside. If you like it--you buy it. I think my comments were extremely accurate........the swings were huge. I hate when idiot's on the web spread ridiculous rumors (like takeovers or bankruptcies.....without any facts to support their claim). The key thing to keep in mind: John Pound stated to me point blank.....the company's plan of action would be stated by the end of the fiscal year.....with the announcement that it could happen in July (this is good news) I would not trade out of the stock for small profits. The company is worth between $4-$6. So if you buy it at 1 3/4 or 2 sell it at 3 3/4 for a trade......and buy it under 3 again (if you have the chance).