Seems to be valid since we've been hearing that CMKX is verry naked shorted. Why would Scottrade let SELL CMKMX but noy BUY? If they think CMKX is a scam, why'd a bigger broker like Ameritrade let you buy?
quote:Originally posted by cool1sh: From another board:
Posted by: average investor In reply to: Cali_trader
Cali_trader - this has been discussed here today some. My guess you have either Scottrade or Schwab. It has been reported that neither of these brokers will let their customers buy CMKX and some other stocks.
The thinking is: Because of the HUGH amount of shorted shares out by certain MM's, Scottrade CEO of board of MM NITE (reportedly NITE VERY short), Schwab is also a MM in itself and reportedly short also.
By Short the speculation is NAKED SHORT shares not the normal short process.
Know one knows for sure but there is a HUGH belief that this is true by shareholders and reportedly by CMKX CEO also.
My idea at this time is that it is true.
[This message has been edited by cool1sh (edited June 07, 2004).]
Posts: 722 | From: Atlanta | Registered: Feb 2004
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posted
In Ameritrade, "Positions" page shows the delayed quote.. I just tried, showing 0007 now.
quote:Originally posted by PAUL: Ameritrade POSITION page keeps showing the pps @ .0004 & .0005 even thought the real time quote does not and the time & sales does not.
Makes you wonder?
PAUL
Posts: 722 | From: Atlanta | Registered: Feb 2004
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posted
Can anyone explain why MM would short a stock with a value of .0001 or .0002? Being new at this, I don't understand the logic of shorting at those levels?
Posts: 57 | Registered: Jun 2004
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posted
In hope of the company going bankrupt. OR In hope of a Reverse Split (R/S) so they could bring it back down again.
PAUL
quote:Originally posted by skippy: Can anyone explain why MM would short a stock with a value of .0001 or .0002? Being new at this, I don't understand the logic of shorting at those levels?
------------------ But godliness with contentment is great gain. For we brought nothing into this world, and it is certain we can carry nothing out.
posted
Scottrade just started showing CMKX trades again after 40 minutes. All their other stocks kept moving all along. Basturds!!!
Posts: 1210 | From: Virginia | Registered: Feb 2004
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posted
BOOTY Sign up for streaming quote and when you Enter symbol @ bottom & "quote" it will come up live. If I were UC I would run out a PR Every other day, Talk about pressure? VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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quote:Originally posted by VNGNTN1: BOOTY Sign up for streaming quote and when you Enter symbol @ bottom & "quote" it will come up live. If I were UC I would run out a PR Every other day, Talk about pressure? VAN
posted
so Nite jumped back down to BID - 0006 five minutes aga, then CRWN jumps up there for a couple minutes and then back to 0006. So there is a spread (0006-0008) but no one is selling at 0006!!! Awesome!
HA! We showed them! Nite and SCHB just jumped back up to 0007! We run the show if we don't sell. Sorry I sold some earlier But I bought back even more
posted
Good for you man!! The way the sales are going right now, looks like 8 should be up pretty soon. how many at 0008 Ask? Thanks.
quote:Originally posted by Booty Quest: so Nite jumped back down to BID - 0006 five minutes aga, then CRWN jumps up there for a couple minutes and then back to 0006. So there is a spread (0006-0008) but no one is selling at 0006!!! Awesome!
HA! We showed them! Nite and SCHB just jumped back up to 0007! We run the show if we don't sell. Sorry I sold some earlier But I bought back even more
Posts: 722 | From: Atlanta | Registered: Feb 2004
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posted
Aw, come on! Won't somebody sell me 1M shares @ .0006? Think about it. You know you could use those 600 bucks. You could get a nice TV or something... Pullleeeze?
Posts: 1872 | From: right here | Registered: Apr 2004
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quote:Originally posted by onthemark: wen does anyone expect to see the big retrace?
Not sure if there will be many big retraces (at least ones spurred on by the MMs). If this stock has been shorted big time the MMs are in buy mode trying to cover their shorts. Therefore, they will not be trying to short it more and make their mountain they have to climb any bigger. Now that is if the theory on the Naked shorts is true. Personally I would have thought to see a retrace already back down to .004 but there really hasn't been one all day which is cool
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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did the bid change or something because I have seen a few .0005 go through?
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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most of us on the board are in at 0001-0003 so many others will also be in atthe same correct? so the little retrace you are expecting will theese profit takers? or is it safe to say theese gaps have been filled fast today? if we stay up around 0008 today what are the thoughts of a gap up and run tomorrow like the Q before settleing in to play bounces? thanks for the help!!!!!!
Posts: 51 | From: ricelake wis. usa. | Registered: Mar 2004
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But I bought back even more 
