quote:Originally posted by Upside: originally posted by highwaychild:
If several market makers are in fact shorting a stock they can buy and sell shares amongst themselves at whatever price they decide to artificially keep the price of a stock down. Example, you come in with a buy for 1 million at .0003. In theory, the stock should rise to that level even if only for a second or two. A market maker can counter that buy with a larger sell to another market maker for .0002 or less thereby bringing the stock back down to its previous level. I don't believe that this goes on anywhere near as much as people claim though. A stock will rise when there is a strong demand for it and it will fall when that demand weakens. Most complaints about market makers keeping the price down or driving it lower are unwarranted in my opinion. Not saying it doesn't happen but I believe it to be the exception and not the rule.
Good point upside. Very well put! In this case with CMKX the demand is very high as with Qbid and still we are stuck at .0002. Seems as if no one can sell at .0003 so eventually the shares are gonna run out. It seems that there is not a whole lot of selling going on as most of us still have our original shares we bought either last week or 4-5 months ago. MM's are killing us in this case. We should be seeing .0003 to .0004 very soon if we continue at this rate. Keeping my 2m for awhile!! Good luck
posted
Hey, just noticed my sell order for 1 million at .002 executed just before the bell yesterday! That leaves me with just under a million free shares - go CMKX go!
Has anyone else had sell orders go through at .0002?
quote:Originally posted by dazedtrader: Hey, just noticed my sell order for 1 million at .002 executed just before the bell yesterday! That leaves me with just under a million free shares - go CMKX go!
Has anyone else had sell orders go through at .0002?
Posts: 722 | From: Atlanta | Registered: Feb 2004
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posted
we will see .0003 a lot and touch .0004, if the bid moves up a bit this thing is gone.
Posts: 973 | From: usa | Registered: Aug 2003
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posted
Okay, I just saw a trade go through for 2500 shares @ .0003. what's the point. that's like 75 cents. Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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posted
this is good holding 0003 pretty well today we need more excitement!!!!!!!!! its a 50% run if it was any other stock th board would be very chatty gobabygogogogo!!
Posts: 51 | From: ricelake wis. usa. | Registered: Mar 2004
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posted
Probably when it goes above 0.0005 and people can sell above 0.0002 the thread will get busy... 2 and below isn't anything to write home about... But get your e-mail ready
------------------ FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of.
Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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posted
If anybody sold half their shares at .0002 so that they will have a free trade, thats cool. If somebody sold ALL their shares at .0002, that may not be cool. In fact, if the stock takes off and they are left sitting on the side lines, they may get hot under the collar. If anybody did sell all their shares at .0002 (I'm not sure if that's even possible yet, so this is actually a suggestion not to do it) But, if you did sell all your shares at .0002, you might want to take 40% of the money and put in a buy order for .0002. That way, even if the stock turns out to be a fraud and goes to the big hole in the ground then you will still have a profit on your original investment. On the other hand, it the big hole in the ground is full of diamonds, then you will still be there to profit in its climb to the stars. just a thought, STAR GAZER hopefully watching our shares climb to the stars where we can gaze at them. CORNY.
Posts: 580 | Registered: Oct 2003
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posted
good advice, SG... i got greedy and I have an order to sell 1/3 of my shares at .0003.... not holding my breath yet, but if it goes, i'll have my money back and still a good shot at the lottery.... Posts: 1885 | From: Tampa, FL, US | Registered: Mar 2004
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posted
Looks like we have a .0003 close with a 6,000,000 share trade, but 6,000,000 of this is like 6,000 of a stock with a reasonable O/S count. Love to see .0004 this week.
quote:Originally posted by Bam Bam 17: Man! I love too see a .0003 close^^^ :>
May God Bless All.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
I have gone one way, then the other on selling at these levels.
I think "I can get my money back" but, then I think I can not imagine how I would feel if this thing takes off and I sold 1/3 of my position to recover $300.00 !
I have had orders in then cancel.
I think I will hold and see what happens.
The only problem I have with this method is it makes me feel like I am in a casino. With the mentality that I will stay with it until I have LOST it all. I do not like this.
I normally have an exit target and GTC orders in.
PAUL
------------------ But godliness with contentment is great gain. For we brought nothing into this world, and it is certain we can carry nothing out.
posted
I subscribe to the theory of protecting your principle. I sold 1/2 my position at .0002 to secure it. Did the same thing with TSBB, whenever I have the opportunity to do that I will. 1/2 of loaf is better than none. Lately though I haven't had many double opportunities.
quote:Originally posted by PAUL: I have gone one way, then the other on selling at these levels.
I think "I can get my money back" but, then I think I can not imagine how I would feel if this thing takes off and I sold 1/3 of my position to recover $300.00 !
I have had orders in then cancel.
I think I will hold and see what happens.
The only problem I have with this method is it makes me feel like I am in a casino. With the mentality that I will stay with it until I have LOST it all. I do not like this.
I normally have an exit target and GTC orders in.
PAUL
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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