Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : CMOZ, next cmgi -- Ignore unavailable to you. Want to Upgrade?

To: TOPCAT1 who wrote (99)	1/24/1999 1:07:00 PM
From: xbrent	Respond to of 947

I agree, CMOZ spiked into the mid fiftys, profit taking occured, MM's took it down, bought their cheap shares just before the news and a new base is established around.40 Additional news is anticipated, heavy trading volume, profit takers have largely exited, CMOZ ready to rock again as it is a cyber issue. Stock is being talked about in a number of venues so tomorrow should be a good day. All too often Market Makers take a stock down just before positive news. I have seen it happen over and over. Just last week the MM's found a way to take PQT down just before good news came out. I saw it dramatically a number of other times where a stock which traded at $1 for months all of a sudden it had a high speed sell off an hour before a major deal came thru. The MM's are frequently talking to companies and sometimes if they can run a stock down before news they don't hesitate to do it to get cheap shares. I have always thought that somebody should fix that problem but I am certain that it won't change. So in regard to CMOZ I think that many people are looking for $1 as their target. It does not matter much about one guy doing whatever he does on SI. I don't think that CMOZ trading in the past week has been based on what is said on SI and I doubt that it will this week either.