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![]() CMKX .0001 good holding stock get in while its low (Page 10)
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| Author | Topic: CMKX .0001 good holding stock get in while its low |
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emunahstock Member |
DOG, CALL HIM ON MONDAY AND SEE IF IT DOESN'T SHED SOME LIGHT. You have brought us some great stocks and we owe you one back. I fully understand your concerns and I believe we are about to see a mircle in pennyland. Investor Relations Contact: Melvin O'Neil IP: Logged |
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Bam Bam 17 Member |
quote: Dr. Mark Hutchison said CMKX claims value about 40 to 80 Billion. Dr. Mark Hutchison has been elected to the board of directors of UCAD CMKX JV Partner. U.S. Canadian Minerals Inc. Announces New Board Member Election and Officer Appointment LAS VEGAS, Apr 28, 2004 (BUSINESS WIRE) -- U.S. Canadian Minerals Inc. (OTC BB: UCAD) announced today that Dr. Mark Hutchison has been elected to the board of directors of the company and Richard A. Taulli has been appointed the company's chief operating officer. Taulli graduated from the University of California Riverside with bachelor of science honors in mechanical engineering in 1972. Taulli was a member of the board of directors as well as corporate secretary of Juina Mining Corp. for more than three years. Also, the management trip to Ecuador previously announced has been postponed by one week. Further announcements regarding U.S. Canadian's business plan and other potential upcoming projects will be forthcoming in future press releases and in SEC filings issued by UCAD. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. SOURCE: U.S. Canadian Minerals Inc. CONTACT: U.S. Canadian Minerals Inc. IP: Logged |
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Bam Bam 17 Member |
quote: I second that thought. Thank Dog to you on other DD you post. May God Bless All. IP: Logged |
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222222 New Member |
quote: As long as no diamonds are found that can be mined with profit Don't forget the costs associated with diamond exploration IP: Logged |
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joesturbo Member |
quote: If this is true, which I suspect is the majority of the issue with people here. Why not buy and place a sell order until 2005 at $10.00. This would tie up the shares and the "Manipulation" of the stock would be limited. This would also force the volume down but also stabilize the price per share. I don't claim to be an expert but this seems logical right? I am not looking for this to turn over overnight either - but the recent turn of events i.e. advertising - drilling etc. seems to point to a re-structuring of the way they do business. They have spent allot of funds on some fun things (race car(s)) and also mining equipment. I can't imagine even if someone wanted to run a scam would do such things, it would be pointless. Either way I would put limited funds in this company like I have and let the subject rest and wait it out. I can spend a couple of hundred of dollars on pointless items and not even remember where it went to the next day. IP: Logged |
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Bam Bam 17 Member |
kimberlite thickness « Thread started on: 05/07/2004 at 12:17:19 » http://cmkmdiamonds.proboards27.com/index.cgi?board=questions&action=display&num=1083950239 1-When you say the kimberlite is the thickest in the region, what do you mean by region? Are you talking about the Smeaton area or does this also include the DB and SG kimberlites? 2-Does it also correlate that the thicker the kimberlite, the higher the quantity of diamonds? 3-Isn't it true that a more accurate measure of kimberlite/diamonds is not the thickness of the kimberlite but rather #of carats/kg of kimberlite. And if that measurement is high, then the thinkness of kimberlite would also be meaningful? Re: kimberlite thickness yes to all the above IP: Logged |
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emunahstock Member |
In the region where they are drilling and own land, 70% of Kimberlines have diamonds. So even though I agree that most mining comes up worthless, in this area the percentage is very high. Also, the arial equipment to find Kimberlines is constantly improving and the figures will only go up. From my understanding, a company would not send out so many samples and drill new wholes 100feet away if they didn't know from the samples that they have diamonds. It would be a waist of money. I don't think its realistic to look at this as a $10 stock. I would be plenty happy with .1 in 2005 but realisticly I look for .01-.03 this year if everything falls into play. Now if qbid reaches $4 with their current o/s count then that would open up an all new world for pennies to follow. That is my opinion, take it or leave it for what its worth. Right now, only .0001-.0002 lol IP: Logged |
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STAR GAZER Member |
I wonder how many shares we have accumulated amoung us and also the people on the Raging Bull board. I have 14 million. It would be interesting to add up how many all of us together own. And that brings up the interesting point made by Trading Wizard. I had forgotten about it, but the MM's can and do manipulate the price of stocks and make money by keeping the price looowww. But if you put a sell order on your stock that is too high for them, then they can't use you shares to manipulate the stock. Trading Wizard suggests $2 and correctly says that if you want to, you can always raise the sell price. However, if this stock all of a sudden shot upward, however remote that chace is, then your stock could be sold before you could change the sell price. A previous post stated that this stock could be worth $16.50 So even though it may sound silly, I would put the sell order in at $20, in fact I'm going to do that as soon as I finish posting this. If between us and Raging Bull we have enough shares, then it could be that it would mess up the MM's and the stock might start climbing. Maybe some one here that is also a member of the Raging Bull board could also suggest this there. I have tried a couple of times to join it, but it says to send them my E-mail address and it gives a site to send it to, but I have never been able to get into the site and when I ask for further directions I don't get a reply. But whatever, if we can tie up enough stock, it might start climbing. PS. Just for the newcomers, don't put all your money into this stock, if it goes up, thats good, but there is a chance that this company is a scam, so keep that in mind. Still for a few hundred dollars, you can buy a bunch of stock, and if it takes off you could make many many hundreds of dollars. IP: Logged |
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Bam Bam 17 Member |
Bam Bam 17, I have 20.1 Million Long & strong By: bullNbear
With local knowledge and months of research of geological CMKM management believes the company’s future is bright as IP: Logged |
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joesturbo Member |
quote: I would imagine this would work - anyone know of an instance that this worked out? IP: Logged |
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Bam Bam 17 Member |
CMKX First Two Holes Drilled on Smeaton Property 5/5/04 United Carina Resources Corp. and Consolidated Pine Channel Gold Corp. are pleased to announce that the first two holes drilled on their Smeaton, Saskatchewan area property have encountered significant intersections of Kimberlite. Hole number one entered Kimberlite at a depth of 410 feet and continued in Kimberlite to a depth of 903 feet for a total intersection of 483 feet. This intersection is one of the thickest to be encountered in the Fort la Corne area to date. Hole number two entered Kimberlite at a depth of 394 feet and stayed in Kimberlite to 640 feet for a total thickness of 246 feet. Preliminary logging of the two holes was conducted in a secure warehouse and then split. The samples from the two holes were then transported to the Saskatchewan Research Council's diamond laboratory in Saskatoon for analysis. May God Bless All. IP: Logged |
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Upside Member |
originally posted by STAR GAZER: quote: Now that's a fair and balanced statement. I wish more would post in that manner, I guess myself included. Tend to get a little heated up at times about this stock. Regarding the thought of everyone here putting high sells in, it was tried last fall here and quite a few participated. One problem we ran into was some brokerage houses wouldn't accept the orders because the market makers rejected them as being unrealistic. If I remember correctly, they were rejected if they were over $1.00. IP: Logged |
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emunahstock Member |
Can you find me in writing that if I put my sell order high they can't short it. I have never seen this in clear print and it seems more like rummer. IP: Logged |
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budgie Member |
not bashing here, i am a shareholder, but is anyone else conserned that their headquarters are in los vegas. I mean it fits with us takign a gamble with them, but just makes me a little nervous. Anyone have any takes on this IP: Logged |
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PAUL Member |
I have sold at .0002 in the last few months. It took it popping to .0003 to do it. I have bought at .0001 recently. So we will see if I am able to sell at .0002 if it pops again. I think it will. When I was looking at the charts a while back it looked like there were several opportunitis in the last year to sell at .0002. PAUL
quote: ------------------ IP: Logged |
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Mighty Member |
quote:
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emunahstock Member |
lol IP: Logged |
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STAR GAZER Member |
Upside, you were right. I went to my Ameritrade site and they cancelled my order to sell at $20. I wqill try again with $.99 It seems to me that even $.99 would stop the MM's. Thanks for the info. IP: Logged |
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chshore Member |
I just bought 750K shares. Its a small gamble, but it could have a nice return. IP: Logged |
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pharmdman Member |
quote: I have GTC orders in for $.50, $1, and $2... they've been there for weeks IP: Logged |
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flashovertx Member |
Im wanting to buy this stock as a recreational buy. I was wanting to hit it at .0001 but now its hanging at .0002. should i go ahead and buy or wait and see if it will drop back to .0001? any thoughts? IP: Logged |
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tigerontop Member |
If you buy at .0002 then someone else will post that they to have sold at .0002 as well and that will be the....what 3rd this month? LOL quote: IP: Logged |
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Bam Bam 17 Member |
CMKX conformation from Melvin! I know were sitting on the LARGEST diamond find in the world and if you wanna be part of it that's ok. http://cmkmdiamonds.proboards27.com/index.cgi?board=questions&action=display&num=1084199068 May God Bless All. IP: Logged |
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tstruck02 Member |
I am new to all this. I wanted to get into this for .0001 but my order didn't fill friday and hasn't today. I thought I'd throw 50 at it and see what happened. Too bad we can't flip it more. That would be fun. T IP: Logged |
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Upside Member |
In my opinion, this stock is impossible to flip. As I've said before, I've had a gtc sell order in at .0002 for almost four months now and it hasn't filled yet. Good luck if you try it though! IP: Logged |
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emunahstock Member |
Re: Hole #4 --------------- Hole #4 has been competed. went down to a depth of 700ft. Hit Kimberlite at a depth 0f 400ft and ran out of it at a depth of 700ft= 300ft of kimberlite. Further up-dates will come as they happen ) Thanks P.S. WHAT BROKER ARE YOU BOYS USING? I BOUGHT ON FRIDAY AT .0001 AND I SOLD IN THE LAST FEW MONTHS. GRANTED ITS NOT EASY TO SELL BUT IT IS POSSIBLE AND CERTAINLY WILL BE WHEN THE NEWS COMES OUT. P.P.S. For whatever my opinion is worth, right now .0001-.0002 lol IP: Logged |
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VNGNTN1 Member |
UPSIDE & Others True, a Limit can't be placed over .99 and most of us don't care, but the real problem with trading is the certificate issue which a lot of brokers can't put up with. This was supposed to be fixed with the symbol change CMKI to CMKM and wasn't, then another change to CMKX don't believe a reason was stated on that one. This stock can't trade (except by some insiders) if a hard certificate is required on every trade. Imagine mailing stock certificates each day for volume generated since last September. The postage alone would consume millions of dollars. VAN IP: Logged |
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VNGNTN1 Member |
ACTUALLY Calling on my previous experience as a printer, most stock certificates are 8"x11" printed on 60# coverstock. 4bil / 1000 = 4m x 60 = 240m# (at this point I doubt mailing is an option)/45000#trucks=5333 trucks per day. Traveling to Colorado from all over US. VAN Sorry it's been a number of years since I calcualted paper weights I used 60# /1000 od 8x11 actually you get 8 out of a 23x35 so Divide by 8=666 trucks per day [This message has been edited by VNGNTN1 (edited May 10, 2004).] [This message has been edited by VNGNTN1 (edited May 10, 2004).] IP: Logged |
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Upside Member |
originally posted by VAN: quote: I thought that did get corrected with the last symbol change. I know for a while Ameritrade wasn't accepting buy orders because CMKM was certificate only but I thought they were now. Could be wrong, I havn't tried to buy any recently. Boy, imagine if all of those certs. did have to be mailed. It would sure solve the problems of the U.S. postal service in a hurry IP: Logged |
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VNGNTN1 Member |
WHICH BRINGS TO MIND A certificate has at least two colours of ink and would sell for about$250/k. Assuming 500b O/S / 1000=500,000,000 x 250= 1.25b$ of course they probably get a volume discount. VAN [This message has been edited by VNGNTN1 (edited May 10, 2004).] IP: Logged |
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Upside Member |
Anyone know of a good ink company to invest in? IP: Logged |
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VNGNTN1 Member |
TO ALL NEWBIES & those INVESTING WITH EMOTION PLEASE do not take my last few posts as bashing all the "positive PR releases" on the mining aspects of CMKX operations. VAN [This message has been edited by VNGNTN1 (edited May 10, 2004).] IP: Logged |
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tstruck02 Member |
I have trading direct and they quote it at .0000 what? I also quoted it at Yahoo. Its been jumping between .0001 and .0002 all day on yahoo. I should probably get level 2 service or something. I'll go along for the ride if I can get filled IP: Logged |
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WWJD-thru-me Member |
I do have CMKX and this is what we know. They have Kimberlites on much of their claims. About 70% of the kimberlites in the region have diamonds. I think they do have diamonds. If the claims value is 40-80B as some specualate lets see what the stock price would be. We will use $40 Billion as the value of the diamonds. _________OK now the math_____________________ 500,000,000,000 shares thought to be outstanding. That would value the shares around .08 each. BUT they don't own all the rights to the diamonds. They have sold percentages of the claims. I have been thinking they only own 25%-it may be more than that but using 25% of the .08 brings us to .02. --------------More Math---------------------- We need to factor in the cost of mining the diamonds. I have no clue but will use 25% because it seems reasonable. That would bring us to a value of around .015 a share which would be a significant gain from .0001. --------------------------------------------- There is possible good news in all this. The share count may be much lower if they have been buying back shares. The claims may be worth more than $40B. The flip side is there may be more than 500B shares out. The claims may be worth less or just plain worthless. _____________________________________________ IP: Logged |
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VNGNTN1 Member |
OK Nobody called me on my logical onefacet explanation of costs due to printing. This excersize was to show how one missed point can really affect the outcome of a stock. The truth is no one here is really onsite/in theknow And so everyone guesses alot. Although the cost of printing share certificates is pretty high there can be any denomination placed on the paper ie:1,10, 100, 1000,10000, 1OOOOOO VAN IP: Logged |
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Bo14172 Member |
Debi, good post. .0002 over the past 4 trading days has held nicely. Unless I'm mistaken, the .0001 close today occurred on a whopping $15.00 trade. Bo IP: Logged |
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Bo14172 Member |
Recent Trades - Last 10 Time Ex Price Change Volume 16:07:30 Q 0.0002 - 1,000,000 16:07:30 Q 0.0002 - 1,000,000 16:07:30 Q 0.0002 - 1,000,000 16:07:30 Q 0.0002 - 1,000,000 16:07:30 Q 0.0002 - 1,000,000 16:07:30 Q 0.0002 - 1,000,000 16:07:30 Q 0.0002 - 500,000 **15:58:21 Q 0.0001 -0.0001 150,000 15:57:57 Q 0.0002 - 200,000 15:56:54 Q 0.0002 - 5,250,000
[This message has been edited by Bo14172 (edited May 10, 2004).] IP: Logged |
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STAR GAZER Member |
Bo14172 you're right. The stock spent most of the day in the .0002 range with just short periods at .0001 and closed at .0001 on a tiny trade. Just a few days ago, when it would get up to .0002 it would only stay there for a short time and spent most of the day at .0001 or ALL the day at .0001 It could be building a base at .0002 Maybe someday soon it will start poking its head up to .0003 and then even higher. PS. Ameritrade cancelled my sell order at .99 within minutes of my putting it in. I then put in a sell order at .099 (what would still be a hugh gain) and that one they didn't cancel. IP: Logged |
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joesturbo Member |
Rumor of a news release in the AM about the 4th hole - hit Kimberlite for several hundred feet and is completed... IP: Logged |
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STAR GAZER Member |
According to the Raging Bull board, Alphatrade showed a trade going through at .0002, 7 minutes after the market closed. With the stocks pick up in volumne and increase in price, it could mean that we are getting close to a news release that will say if any diamonds have been found. (With the price increase in the stock, that sounds like it would be: yes we have found diamonds) Getting away from diamonds for a minute, CXMKX also has zinc mining properties and a while ago CMKX said that it would give shareholders shares in a spin off company that would hold the rights to those properties. Has anybody heard anything more about that on any of the other boards? IP: Logged |
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FurrySound Member |
The share spinoff was sometime late last year IIRC. People already have those shares, and aren't happy with them from what I hear. Someone mentioned they are just a number, not even a stock ticker name, in their account. IP: Logged |
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STAR GAZER Member |
A point to remember, most of us bought CMKX at .0001. THE STOCK CAN'T GO ANY LOWER. It can either go out of business or it can go up It may take a while to go up, and so you may have to hold a while, but what the heck, diamonds are worth the wait. Since we invest in micropeny stocks, here are some things to think about that was on another site. Penny stock trading is not for everyone!! There is a min 1-yr learning curve--so start small! Be prepared to hold some stocks long term! Tinystock.com does not recommend any stock! We take no payment from any public company to advertise their stock! We only publish our own portfolio. Do not buy into a stock just because we have! We are a hobby site! Welcome to the "Penny League"!! 1. Make sure they are not "Shells". 2. Find those with a pattern with large up and down volume. 3. The best issue periodic news releases 4. Invest only small amounts of money. Pyramid Were you to make a major investment in a major stock at say $50 per share. How are you ever going to get rich? Get this - and never forget. It takes risk to get rich. That $50 per share would have to go to $100 per share for you to double your money. This most likely won't happen for years. If the $.0001 stock doesn't go bankrupt - how can you lose? Time appears to be on your side. What if that $50 stock goes bankrupt? Or, if it dives to $.0001 - you lose your house. Don't ever bet the baby's milk money on any stock! Never risk what you cannot afford to lose... Just like gambling - beware that you can get a "gambling sickness". Beware of this at all times. Do not let this take over your life. Peek into message boards and sift out the cry baby B.S. from the real useful data. But do not EVER get emotionally involved with either a certain stock - or a certain stock message board. You will regret this if you do. Remain aloof and make your own decisions..... Avoid any penny stock company that hints of a "Reverse Stock Split". Penny stock Reverse Stock splits are so bad that your 3000 shares could turn into 1 share over night. Penny stocks periodically run from say $.005 to $.20 In the fall of 1999, a tiny unknown penny stock with the The penny stock world is filled with stories like this,
"HOW TO PICK A PENNY" 1. Before buying - make sure that they are not likely to go bankrupt! 2:1 assets vs liabilities is very nice, but more important is liquid assets, cash on hand, etc. The real tiny stock companies can have nearly no assets and still run based on "hype" and/or good news. 2. Gauge the "hype" via message boards, etc. Hype has an awful lot to do with penny stocks. Analyze the news on the stock! A "good" penny stock company knows how to feed tidbits of good news all the time. A bad one never puts out news. Some only put out bad news...
Stock Suffix List - here IP: Logged |
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Upside Member |
Oh hell, I'm probably going to start a riot here and I really don't mean to because last time I was told I was going to jail (it's on this thread), called feeble, elementary, and other things but here goes:
P.s. STAR GAZER, I really apologize for stepping on your post! It was good but I just wanted to show an opposing viewpoint. IP: Logged |
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Rics1997 Member |
Don't think this stock will do it but your right its a good gamble if your into that. I would like to make one correction though. $500 at .0001 becomes $5000 at .001 not .01, at .01 its $50,000. Rick IP: Logged |
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highwaychild Member |
granted this stock is risky,any pink sheet can be.CMKX is #1 out of 20 on http://www.pinksheets.com/ ,so the hype is there. The people here I'm sure have risked far more than they have on companies with far less going for them.Than a company on the eve of a possible positive diamond find. IP: Logged |
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Upside Member |
quote: You know guy, I really hope you're right. I would love to have to eat crow and admit I was wrong all along cause as I have said before, I own this stock and if everyone here cashes in, so do I. So assuming you guys are right and I'm wrong, what's the sell point? Where do we get out? IP: Logged |
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STAR GAZER Member |
Upside, I like your post and I stand corrected. Looking at previous posts, I see that CMKX has actually sold for as low as .00005 It is true that the company's PR's have not moved the stock. However, I was one of the people that bought LBTT about a year ago for .002 The company kept coming out with increasingly good and better PR's, but after each PR the price of the stock would drop to .0017/.0018 The range was .0017/.0022 After months and months of going nowhere, people started to bail out of the stock. But finally they got their European certificate of approval to sell their product, just as they had been saying that they would in their PR's and in less than two weeks the stock was .035, up over 1,500% That was nice. On the other hand I've had many stocks go to zero, but that one trade more than covered the other losses. But the owners of that other company were respected business men/women. The people involved in CMKX on the other hand have been accused in the past of committing fraud, and that makes this a really iffy stock. As the saying goes, not something that you would put you life savings into. On the other hand, I invest in penny stocks because its fun. I say invest, instead of play, because I try to investigate the stocks and only buy the ones that seem legitamit. And even though CMKX has the taint of previous fraud accusations, it does have a hugh land holding in the best known diamond area IN THE WORLD and their PR's do seem to be legit and so I have put some of my money in the stock. If I didn't, and then it went up like a rocket past the moon, not only would I be upset at not owning any of the stock even after having all this info on the stock, I also wouldn't be living up to my name and gazing upwards watching my stock race towards the stars. By the way I noticed that you call yourself Upside, so it sounds like you also buy stocks that go up. PS I also buy lotto tickets. I know that the odds of winning the BIG ONE are virtually zero, but if I didn't buy a ticket, then they would be zero. But I never buy more than one ticket at a time. IP: Logged |
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Meshoe45 Member |
Jumped up to .0017! But back down ![]() IP: Logged |
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TradingWizard Member |
Probably glitch....but it would be nice!!!! IP: Logged |
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VNGNTN1 Member |
UPSIDE Please note your example, while true only represents stock price. Your vlaue can easily double on a $50 stock thru use of splits,dividends,Option premiums and most important can be done with one stock, Pennys generally need to be averaged across many losers. VAN IP: Logged |
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