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

To: Toby Zidle who wrote (363)	2/1/1999 7:10:00 PM
From: TOPCAT1	Read Replies (1) \| Respond to of 947

Was today the final shakeout and consolidation before the stock price moves up...? I don't know the answer but there were a few technical hints that suggest it might have been... CMOZ closed at $2.06 on 2,666,000 shares... the action was rapid - the price opened gap up and traded for a while around the $3.00 mark, then suddenly a big market sell order swept the bids and started a quick drop to $2.00... the price traded in the low $2.00 range for the remainder of the day, although, I certainly got the impression that there was steady accumulation, in fact, over 2 million shares traded at or just above $2.00 within a very narrow range... I suspect that most of those who bought below the $1.00 mark have sold and have been replaced by the next level of investor (those looking for a longer-term internet investment)... I expect that most analysts and brokers are still studying the situation, they are trying to figure out what Conducent and InvestorsGURU means to the long-term stability of the company and whether the company has anything further to release which can strengthen the play... Consolidation comment: the $2.00 mark is a critical threshold for any play that has run from $0.10 to $5.00 in about 7 trading days... one would expect a price pull back and consolidation everytime in these explosive situations... once the price has corrected, holding the $2.00 threshold will be an indication that more activity is occurring within the company and is keeping the attention of the Market Makers... see, MMs play the stock up and down in concert with press releases from a company... I suspect the volume will be greatly reduced tomorrow because of the thinning float unless there is a news release... Market Makers always push in front of news...