posted
If you are objective and you are not attached to this stock.. Then enter and let's have a serious objective discussion about it. Let's see what the outcome will be.
Posts: 516 | From: Worcester,MA,USA | Registered: Dec 2003
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posted
Early last week when this stock was trading between .0001 and .0002 I wanted to purchase some shares. Could not get filled at .0001 or .0002. I will not chase this stock. Getting a very bad feeling about it. I think it will be back to .0001 soon and the only people who will make any money are the ones who got in at that point. IMO
Posts: 55 | Registered: May 2004
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quote:Originally posted by booboo: Early last week when this stock was trading between .0001 and .0002 I wanted to purchase some shares. Could not get filled at .0001 or .0002. I will not chase this stock. Getting a very bad feeling about it. I think it will be back to .0001 soon and the only people who will make any money are the ones who got in at that point. IMO
posted
Good idea, keep the main thread free for relevent DD. Thanks, will save ppl from reading through a lot of conjecture and specualtion.
quote:Originally posted by vado: If you are objective and you are not attached to this stock.. Then enter and let's have a serious objective discussion about it. Let's see what the outcome will be.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by Meshoe45: What if it doesn't and it takes off
If that happens, then it will be my loss. Unfortunately, I do not have a crystal ball and cannot know for sure. Only thing I can do is some DD and make the decision I feel comfortable with.
Based on the large o/s, the historic trend of this stock, and the misuse of their funds (i.e. race cars) I don’t think this stock has the potential that its being hyped for.
[This message has been edited by booboo (edited June 06, 2004).]
quote:Originally posted by booboo: If that happens, then it will be my loss. Unfortunately, I do not have a crystal ball and cannot know for sure. Only thing I can do is some DD and make the decision I feel comfortable with.
Based on the large o/s, the historic trend of this stock, and the misuse of their funds (i.e. race cars) I don’t think this stock has the potential that its being hyped for.
[This message has been edited by booboo (edited June 06, 2004).]
I'm in your boat, watching, hoping everyone makes a ton and proves me wrong!
Good Luck I'm rooooootin for ye
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
My opinion of this company is also based on its and Mr. Casavants history. I suppose anyone can change their ways but I don't believe this is the case here. Either way, it appears to be coming to a head here and the next two weeks or so should tell the story.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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quote:Originally posted by Upside: My opinion of this company is also based on its and Mr. Casavants history. I suppose anyone can change their ways but I don't believe this is the case here. Either way, it appears to be coming to a head here and the next two weeks or so should tell the story.
Give me a quick scoop on Mr. Casavants history - a reader's digest version.
posted
Two things, both Urban Casavant and his current geologist Ralph Newson were on the board of directors of a failed oil company named PetroPlus. The company was brought down because of an oil reselling scam and many of the directors were indicted although Casavant and Newson weren't. Before that he was a paid spokesman ala Melvin for a publicly traded company and he was putting a positive spin on the company right up to bankruptcy. The symbol escapes me right now but it was PCBM or PBRM or something like that. I'll dig it up and post it.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
LOL ... that's quite a bold statement there budgie. And you assume that how? LOLOLOLOL I'm sorry I still think that's funny. If you could please give a brief description of how you expect CMKX to trade @ $6.00 pps.
Posts: 575 | From: Orlando, FL, US | Registered: Jan 2004
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posted
Here is my objective opinion. I think CMKX is MOST LIKELY a BS company. HOWEVER. There is one thing that I have found to hold true. When there is high volume, a stock will move up. You know this because there is always the most volume at the very lowest of the dips, or when the big buyers come in. Now, The reason I think that CMKX will go up ALOT from here is for two reasons.
1. The MM DO NOT want to mess around with dealing in billions and billions of shares of a POS company every day. Thus, they will raise the share price enough to the level where people will actually have to believe in the long term potential of the company in order to buy in. This effect was shown in QBID, when MM ran the stock up, and now much of the volume is gone(Even though the $ volume may be reasonably close to what it was, at least it isnt billions of shares daily.) So the first reason in a nutshell, MM will run this up so high that people will not be willing to buy. When the volume starts to wane, its time to head for the exits folks.
2. MM short positions. Now, many like to throw around that statement very carelessly. Here is the real deal with MM short positions. MM are required by law to "make a market". Making a market is posting both a bid AND an ask a reasonable distance from the pps. This is to create a two sided, balanced market. During runs, or periods of stagnation such as when the bid was below .0001, the MM are sometimes caught on the ask with no shares while simply making a market. Many people like to imagine that MM sit there and short a stock making tons of money off of it(which they do) to an extreme. If you honestly believe that they cant make a whole lot more money trading larger stocks, then you are sadly mistaken. They do not spend the time it takes to agressively and purposefully short these small stocks drawing in profits of only hundreds of thousands of dollars. The short positions in CMKX DO exist, but they are not of malicious origin.
3. Panic buying. Panic buying has already kicked in, and will continue to do so. As the spread narrows from 100, to 50, to 25%, people will be more and more confident about not losing all their money and will be more willing to buy. People all over the net are worried they will miss the "next QBID" with this stock.
Conclusion.
Many people will make alot of money on this stock. I can honestly see it going to over .01 without any PR fuel. However, many people will also take losing positions in what is a VERY sketchy company to say the least. Good luck to everyone in this stock, those in at .0001 should be able to make a small fortune here. BUT BEWARE, WHEN YOU START TRUSTING THE COMPANY AND NOT THE VOLUME/MOMENTUM OF THE STOCK, THAT IS WHERE THE REAL DANGER LIES.
I completely think that this loosely-legit company is playing with innuendo to pump the pps. That's why I didn't get in until .0005 and that's why I'm kicking myself. Had I remembered that I don't care about the company as long as I believe the pps will increase quickly I would have been in at .0001.
I'm out as soon as the volume slows and the next biggie comes along, no doubt. Making a buck in the meantime. =) ~BB
quote:Originally posted by roger7485:
Conclusion. Many people will make alot of money on this stock. I can honestly see it going to over .01 without any PR fuel. However, many people will also take losing positions in what is a VERY sketchy company to say the least. Good luck to everyone in this stock, those in at .0001 should be able to make a small fortune here. BUT BEWARE, WHEN YOU START TRUSTING THE COMPANY AND NOT THE VOLUME/MOMENTUM OF THE STOCK, THAT IS WHERE THE REAL DANGER LIES.
LAS VEGAS, Jun 10, 2004 (BUSINESS WIRE) -- CMKM Diamonds Inc. (Pink Sheets: CMKX) is very excited to announce that the "Carolyn Pipe" is confirmed to be diamondiferous.
Saskatchewan Research Council (SRC), an independent lab located in Saskatoon, Saskatchewan reported to the company today that the core samples from the "Carolyn Pipe" has come back positive for diamond content. The "Carolyn Pipe" is located on the jointly owned Smeaton property in Saskatchewan, Canada held by CMKM Diamonds Inc., being the primary operator of the claims, United Carina Resources Corp. , Consolidated Pine Channel Gold Corp. and U.S. Canadian Minerals Inc. (UCAD, Trade). www.casavantmining.com
There is no guarantee that further exploration or drilling will produce any economic benefit to the company or the shareholders of the company.
This press release contains "forward-looking" statements as that term is defined by Section 27A of the Securities Act of 1933, as amended, (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended, (the "Exchange Act"). All statements that are included in this press release other than statements of historical fact are "forward-looking" statements. Although management believes that the expectations reflecting in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors could cause actual results to differ materially from the expectations as disclosed herein, including without limitation, in conjunction with these forward-looking statements contained in this press release.
SOURCE: CMKM Diamonds Inc.
CMKM Diamonds Inc. Diamonds Hotline Melvin O'Neil, 306-752-3755 Toll-free in U.S./Canada: 877-752-3755 Fax: 306-752-3754 ipr@sasktel.net
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