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Author Topic: CMKX III New thread - We got it while we could
Wallace#1
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Paul,

Here's another site for the USXP Memorandum.

finance.yahoo.com/q?s=USXP.OB&d=t

Just click on the blurb about "Summary" and it should come up with info + releases below.


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realperson
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Not to start any wars, but everyone needs to raise an eyebrow and decipher the garbage that's being posted lately.[/B][/QUOTE]

I find it interesting to check the posters profile and see when they became members. Most of the posters on the "hyped" threads like QBID are recent members. I still think of myself as new and I have been on here longer than most of them. (January)
Just an idea on how to check credibility


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RaiderJR
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Hello all,

I am an owner of CMKX, long and strong, but refuse to hype anything beyond what is real. Just want the truth. If we have diamonds everything else will fall into place.

Cannot begin to tell you our price projections but believe it could hit 10 dollars within 5 years. My projections are really long.

Just to give you my take on the shorts and the law firm, let me say it is about fair value. By law the MM's cannot push the price below fair value on purpose, or to drive a company out of business.

What I believe UC is doing is setting up a very good foundation for a law suit against the MM's. Fair value is the key to the law suit.

By demonstrating that the mineral rights are worth more than .0001 through a series of pr's they will no longer be able to plead ignorance, and with each new pr, ending with OS and a diamond find of even a small magnitude, the worth of this company will be such that a reasonable businessman would know it is worth much more.

If at that point the MM's continue to keep the price lower substantially than the actual value they will become liable. If they are not liable already.

To keep themselves out of trouble they will be forced to start raising the ask. So, this is a real effort to make the MM's turn this market to reflect fair value.

I think they will do it on their own when push comes to law suit, and we will move up enough to reflect value.

I think the article pointing out the CMKX negatives like unknown OS and a lack of mineable diamonds found can be used to justify the mm's, though i'm sure they know the OS,the point is that these negatives will soon be gone and no reasonable MM could hold the price down.

I think within three weeks they will be in a position of liability and will move accordingly.

How much i'm not sure, it depends on the upcoming pr's. Certainly the last pr helps, because a lawyer could take a recent offer for those rights and present it in court. Say Debeers offered 1 billion for some rights, then a fair minimum value would thus be established. Would a large company offer more for all the rights?

I believe the MM's are liable but that will grow to the point that a law suit would become a slam dunk.

MM liability will not reach its potential until positive bulk samples confirm a mineable mine.

Look for a gradual pps rise to offset the liability.


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Highwaychild
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Good point Realperson...I've been keepin' tab's.But I feel if people are tring to prove some good info. on CMKX, then they allright by me.

[This message has been edited by highwaychild (edited June 27, 2004).]


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RaiderJR
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I forgot to add that at .0001 x 500 bill the cap is still only 50 million I believe.

Does anyone here think a major company would pay more for all the rights? It seems to me we are well under market value already. Without any new information.


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STAR GAZER
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COACHPHILM63
Member posted June 27, 2004 16:02
--------------------------------------------------------------------------------
here is what you have to ask yourself. Lets say there is no reverse share split and say that the stock goes to .50 or even $1.00. ask yourself how many people can buy your shares of 10mil or even 70mil. shares, not to many people can buy 1mil. let alone 70mil shares. Remember your shares are only worth SOMETHING if someone can buy them. It may take you several months to dump your shares even at .10 a share. Yes Iam long with this company with 4.5 mil free shares. No one has entered into the idea that someone has to buy your shares when the Ship comes in. All Iam doing is making everone think of the saleability of the stock you own. You must have a seller and a buyer for you to make millions. Just some food for thaught.

A point was brought up that if the government doesn't enforce the rules against
naked short selling, then the MM's won't have to cover their shorts, make no butts about it.
posted June 27, 2004 21:31
--------------------------------------------------------------------------------

The only way for the stock to reach $1/share is if people buying it have sent it that high Also, the other post said that at $1/share nobody will have the money to buy one million shares, let alone seventy million shares. Major stocks such as GM have no trouble trading a million or more shares at $30/share or what ever it goes for. The point being that institutions such as major funds trade in those amounts, even though Joe Blow may only be able to buy 100 shares. Same goes for DeBeers. If CMKX, oops, when CMKX finds profitable kimberlites (and with their hugh land holding in the best kimberlite area of the world it is just a matter of time) and when major stock brokers and institutions start to notice CMKX, the price will start climbing. Of course, how high it will go will depend on the actual number of shares that are out there. But if it is in the 10's of billions it could reach .10, or even .50 or possibly higher. If the float is a billion or less, then you could see it listed in $$$. We have already reached .0011 (.0012?) once and since we have gone that high already, and now have even better PR's out and more probably coming out, I would think that it can easily reach .0011 again and eventually go a lot higher. Saturday I put in an order to sell 1/10th of my shares at .025 (which would give me a HUGH PROFIT) and still leave me with 90% of my shares in place. Today I added an order to also sell 1/10th of my shares at .0011 which would then mean that I am getting the rest of my shares for a free ride. And if I later am able to sell the other 1/10th of my shares at .025 I will still have 80% of my shares intact. And so I don't think that I will sell any shares at these low prices even though people are posting that we need to get out now, that it has reached a dead end and will only drop from here. They could be right, but I am not going to panic and dump my shares at these prices and then see it climb steadly upward. I will keep a close watch on it, so far I don't see anything that makes me want to sell, even though at .0005 it has gone up about 500% from where I bought it.


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STAR GAZER
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Shadow, I bought another 500,000 shares at .0006 (darn I should have gone for .0005)
and so I now have 14,500,000 shares.

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WWJD-thru-me
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Zeninvestor posted this on another board. i liked it so here it is:
SOME NEW THOUGHTS.

After thinking through many, many things regarding CMKX, I've reached some new directions on thinking. I base these thoughts on three key assumptions. Anyone who disagrees with these assumptions will obviously disagree with everything I say. Which is fine. I'm not here to convince anyone of anything. I'm here to share my thoughts and you can either agree or disagree but a) I don't care, and b) your agreement or disagreement won't affect the ultimate outcome of this stock anyway. So here are my three assumptions and the basis for each, then I will get into where I'm going with this.

Assumption 1:

There is a very large short position. My estimate is 100 billion. You either agree or disagree. Based on trading volume in the past year, that is my opinion.

Assumption 2:

The O/S share count is around 10 billion. Urban retired billions of shares last year. It is documented in press releases. 36.5 billion were retired between September and December in '03. I believe he was doing this for a reason. Obviously, you cannot be a successful public company with 100 billion shares. He was making a legitimate effort to take this number down to something palatable. Something investors could actually live with. We have not seen any updates on the retiring of shares, but we have seen Roger Glenn hired. I believe when Urban had everything in order with a palatable number of outstanding shares, he then approached Roger. I am choosing 10 billion and erring on the side of what I believe is conservative. It's entirely possible that Urban retired enough to take this down to under 1 billion. Who knows. I will choose conservatively and assume 10 billion.

Assumption 3:

I am guessing that when all the geology is completed and we perhaps have some further drilling results back, that we will be looking at mining potential in the range of $20-30 billion. I believe that is a very conservative estimate. I think many people are underestimating the true reach of this latest PR. This number could be as high as $100 billion+ in my opinion but I will conservatively say $20-30 billion.

Now, if at this point you are rolling your eyes and in complete disagreement with anything I've said above, then please stop reading. I really don't care if you disagree with my assumptions. These are MY thoughts and I'm allowed to have them. Much of what follows has some basis in Sterling's thoughts over on Raging Bull, which at first I thought were pretty wild, but then I began thinking them through more and more.

So my new thinking over the weekend is that I've become much fonder of the notion of a tender offer by Urban to go private. One thing that has always baffled me in this whole mix is that if they let the short covering just play itself out straight out, the results are wildly unpredictable. It is entirely possible that enough people will sell to allow the short off the hook by maybe 5 cents or 10 cents. But then again it's possible that there will be such a massive buying frenzy, that the shorts won't even be close at that point. When the sharks circle, it gets VICIOUS. It's possible that this could indeed become the mother of all squeezes reaching several dollars, maybe even in the double digits. Depending on the size of the short position, when you start getting into numbers like that, you have what I would term "chaos". Market regulators don't like chaos. And nobody likes market regulators.

So I began thinking about what the options would be to prevent complete chaos and still deliver what everyone wants. I keep coming back to the same conclusion that a tender offer to go private would be the quickest, safest, easiest method to lock in a price that burns the shorts but not the entire market, makes all the shareholders happy and does not leave anything up to chances as to how this will all resolve itself. It basically names a price and that's that. SEC can't do anything about it. DTC can't do anything about it. Shorts can't do anything about it. If Urban has the financial backing, he has every right to make a tender offer.

So now we get to tender offers. What is fair value for a tender offer. Well, in my opinion first off Urban needs financial backing to extend a tender offer. He's going to have come up with the money to make the offer. Of course, if he owns 9 billion out of the 10 billion shares left, he doesn't have to come up with the money to fund those 9 billion shares since he would, in effect, be paying himself. But unless he owns the ENTIRE float (possible given the short situation), he may still need some money. Roger just happens to be a top attorney at a law firm with perhaps the finest collection of private equity financing clients in the country. Moreover, if a true value can be attached to this property, Urban may qualify for some significant debt financing with a major bank/institution in order to perform the buyout and go private. I think Roger is here for more than just paperwork filing.

The thing that I like about the tender offer approach is that it makes everyone happy. We get a presumably nice buyout price. The shorts get torched but not in a way that the market crumbles. Urban gets his company back and can now turn around and do an IPO as a new entity to achieve proper market valuation.

So the question arises then about valuation. I believe that this process will require several things. First and foremost will be the share count. I expect that within 30 days. I am not one of the people claiming it is coming this week. I believe there will be several issues involved with verifying the number, mostly due to some rather questionable behavior by First Global in transferring their records to Pacific. And because I believe that a tender offer would have to actually have a basis for its value (otherwise the SEC could crack down on it as being market manipulation), I believe that in the next 30-60 days Roger and Urban will reveal more meaningful numbers that will allow a fairer valuation to be placed on the property. If we can demonstrate realistically that we are sitting on a property with $30 billion in potential and we have 10 billion shares outstanding and if you assume an appropriate discount based on potential, cost of mining, etc., I arrive somewhere between 50 cents and a dollar for a tender offer. Naturally this number moves up or down based on these variables. If there's 100 billion shares and the property can only be rationally assigned a value of $5 billion in potential, the tender offer could be as low as a penny. If the share count is 1 billion and the property potential is as massive as some speculate (let's say in the neighborhood of $100 billion), a tender offer could rationally be assigned of $20 per share. Who knows. These variables will indeed be key. Based on MY guesswork and assumptions above, I net out around .50-1.00 as a reasonable tender offer. I think higher than that also runs the risk of breaking the backs of too many high-powered players, thus creating the "chaos" that we want to avoid.

I found this article cited on Raging Bull to be very helpful with respect to going-private transactions. Notice that it frequently references the Sarbanes-Oxley Act of which Roger is based one of his publications on.
http://articles.corporate.findlaw.com/articles/file/00144/008504

Notice too that under Rogers bio in his Corporate Responsibilities publication, that "going-private transactions" is listed as an area of his expertise. Also, in his Edwards Angell bio, he lists "hostile and friendly tender offers" as an area of expertise.

As for a time frame, I believe all of the above will take longer than many want to hear. I'm giving it 30-60 days to develop. First off, I don't think Pacific, our TA, will be ready with its documentation for awhile. Then I think their plan of action will take some time to coordinate with respect to the valuation. If they go forward with a tender offer, in my opinion it must have SOME basis in real, actual valuation. This may take some time still to justify and develop. Clearer readings on our property, drilling results, and perhaps even geologists' consultations may be being formulated as we speak. In the mean time, there may be other news releases to give us hints that things are progressing in the right direction and to be patient regardless of how the market makers manipulate the stock.

Ultimately, if we want to go public and get a proper market valuation so the company can be looked at with a fair eye by analysts and the investment community, we must affirmatively knock the short position out. In my opinion, the tender offer does that. It then gives Urban the opportunity to go private and for Roger to then plan an IPO onto Nasdaq with FAIR valuation. The IPO could also raise significant money for the company to fund the drilling through either Roger's private equity financing contacts or possibly even large institutions. Yes, we would have to buy back into the new company, but if the tender offer was fair, we would have LOTS of money to do that. I personally do not believe that we would be issued stock or warrants for any new, future company with a tender offer since that would continue to put the shorts on the hook with the new shares and the whole point of this exercise would be to rid the company permanently of them. I could be wrong here. Roger may still see that as ok. But my guess is that this would be a clean sweep in going private with a brand spanking new entity untainted by any past securities issues that IPOs. And yes by the way, IPOs and going public are Rogers PRIMARY specialty.

The more I look at Roger's background and skill sets, the more I see why he may ultimately have been chosen for this company. Many will disagree with me that we are not going private because Urban wants to be on the big boards or Urban wants to take care of small investors or for whatever reason. And my response is that a tender offer may actually be the BEST way to properly go public and become a fully reporting company again. It resolves the nasty short issue conclusively and then sets the stage for a more viable option of a full blown IPO with media coverage and everything else. One of the disadvantages of a reverse merger or the mere transition of an otc company to the big boards is the lack of fanfare. Whereas an IPO is a big deal, putting you squarely on the map of every analyst and in front of the investment community front and center. If CMKX has the goods, this would be a very wise move.

Again, there are many variables here. And this is all just one theory. Roger probably has many creative options available to him in this situation. I truly believe that a person in Roger's position would not have taken Urban or CMKX on as a client unless he was shown that either there is massive valuation residing within CMKX or that there is conclusively a massive short position that needs to be broken, or possibly both. If all this is true, how this is resolved will be landmark lawyering on Roger's part.

Also, as for the Joint Venture theory, my opinion is that those other companies would be merged into the new entity that would ultimately go public. They'd get "bought out" for shares in the new company that equate to a fair value.

This is all speculation. Massive, rampant speculation. I am not a securities attorney. I do not know what Roger has planned. I am simply guessing at this based on logic, known facts as we have them, and the application of creative thinking. If you disagree, fine. Many will. If you want to bash this theory, bash away. I really just don't care nor will it make ANY difference on the outcome of this stock.

Speaking of which, I have become far too involved on this stock. When my personal life suffers, I know that it is time for me to step back. So, I will be limiting my involvement here. I'll spend about 1/2 hour at night reading through anything new and posting any new thoughts I might have. That's it. I think this process will take 30-60 days before it truly unfolds. I really don't care what the price does in the interim. I am very comfortable with what I've invested in. I believe as details are continually revealed, that comfort level will continue to go up. Bashers may claim "Where's zen going? Looks like he's running away." Whatever. By now, you know their mode of operation. Look for more articles to be published by stockpatrol, look for more fervent bashing. All that stuff is par for the course. In the mean time, give Roger and Urban the proper space to deliver on their words. I would much rather spend the next 30-60 days engaging in my normal life again than trying to be here to monitor every incremental piece of information. Because whether I do or don't, the end result will be the same, whatever it is.

I am still 110% behind this investment and still believe that it has the greatest potential of any penny stock I have invested in in the last 10 years. I still believe that the key securities partner at the ny office of a top tier law firm does NOT get involved with a stock trading on the pinks at .0001 for most of 2004 without some VERY BIG reasons for doing so.

Anything can happen here. Roger and Urban can run into snags nobody anticipated. On the flip side, Roger may execute this flawlessly and sooner than I expect. Who knows. I am currently in with 33M shares and I truly believe in my heart that we will be a piece of history with the outcome. I truly believe there will be a massive redistribution of wealth from the gutter slime that has savaged and brutalized companies over the last decade by naked shorting into the hands of good, upstanding investors like us that will actually do good things in the world with this money rather than simply use it to leverage more naked shorting to crush more American entrepreneurship. Time will tell. I will be a part of this ride whichever way the current takes us.


Z

As always, these are my personal opinions.

Hopefully nobody in here is investing anything but "fun" money that they can afford to gamble with.

---------------------------------------------
As the author stated it is speculation. I do like what he had to say about many things. I am long in this stock and do believe there is a huge naked short position and there is value in the mineral claims. I look forward to some of that redistribution of wealth from the Robbing Hood MM's who steal from the rich and poor and give to the rich and very rich (themselves) to the new Robin Hoods who get from the Rich Robbing Hood MM's and will find many good uses for this money besides trying to ruin other companies. IMO-GLTA-DD-Debi


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HarryHar
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WWJD- If there was actually a tender offer made by Urban, can you explain to me what decisions us shareholders will have to make? How do they happen and what are our options? I know nothing about this and have never seen it happen before. And, is it possible that Urban holds the actual "huge" diamond find PR until after a tender offer is made, and then accepted?
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JBCak47
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I am begging for just .02 or .03... lol... I said before I have made up my mind, in just going all out and buying until I am pretty much broke. Tomorrow I plan on sending over another 300 to buy up cmkx. I have bigger plans, like the Iraqi Dinar. Pharm, I am young and stupid, well, maybe not stupid, just daring. If all goes well, Wens. I should be able to buy in. Provided no PR's, I am guessing we will hover at the base, .0005 - .0007 ... I can live with that...

This sounds/reminds me too much of IBZT and Qbid, the potential for a power play is huge, plus long term investment.

I think I am going to get a friend of mine into this stock. She is 18, even fifty dollars into this stock, at .0005= 100k shares. If it hits:

.005 =$500
************
.01 =$1k
.03 =$3k
.05 =$5k
************
.10 =$10k

I see .03 as, in my optinion, a possible short term, perhaps three to five month target price range.

Besides, if she gets involved now, at 18, she'll be at a huge advantage in five years... The biggest reason why most young adults do not have trading accounts is that they are 'afraid' to invest/open one or don't know how to do it. If only I had opened one at age eighteen. Not saying I'd have more money, just years more of experince with finance. That alone is a huge benefit of having a trading account: knowledge...

-John


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tradingpennys
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quote:
Originally posted by realperson:

Not to start any wars, but everyone needs to raise an eyebrow and decipher the garbage that's being posted lately.


I find it interesting to check the posters profile and see when they became members. Most of the posters on the "hyped" threads like QBID are recent members. I still think of myself as new and I have been on here longer than most of them. (January)
Just an idea on how to check credibility

[/B][/QUOTE]

Time on here does NOT reflect credibility. That's a bunch of paraniod hogwash... lol! So your saying that since I didn't start sooner I haven't any?
I just started dabbling in the stock market 3 weeks ago. I ran across this stock in my 1st week playing. And bought after reading the info here which pointed me in the directions and then some to do the DD dance. I do feel that every angle should be considered be it pos + or neg -. Screw the bashers. But one must "think" for themselves. Otherwise this board should be named "closed minded CMKX!" jmo


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sharkus
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quote:
Originally posted by realperson:

Not to start any wars, but everyone needs to raise an eyebrow and decipher the garbage that's being posted lately.


I find it interesting to check the posters profile and see when they became members. Most of the posters on the "hyped" threads like QBID are recent members. I still think of myself as new and I have been on here longer than most of them. (January)
Just an idea on how to check credibility

[/B][/QUOTE]

Just because a person has recently decided to register here does not undermine their credibility. I lurked for months before I registered.

By I guess your registration date vs. mine does that make you more credible than me? Honestly I would hope no one views anyone here as credible. You just can not trust anyone "these days". Too many people with too many agendas.

Everyone needs to do their own DD and keep everyone elses *opinions* in check and need to make their decisions based on their own thinking and not anyone elses.

Of course this is all just my opinion and no one should listen to me either.



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noahltl
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Not necessarily DD, but interesting post on another board:

CMKX
Diamond Guru (Admin)


member is offline



Posts: 2099
Notes from chat on Paltalk...
« Thread started on: Jun 27th, 2004, 11:27pm »

--------------------------------------------------------------------------------
Notes from PalTalk:

Alot been happening with co.

Pete said Ron said were in a real critical time right now.

We must be careful with what we say.

UC is very excited.

News very, very soon.

News controlled by E&A. No confirmation on exactly when. We're going to like the news.

UC concern is shareholders, and proud of shareholders who stuck around so long.

Pete is concerned shareholders will be cashed out by co. going private. But there were no comments from Ron. Ron said we'll keep the shareholders.

Pete said, Ron said UC believes/knows there's a naked short and the lawyers are working on it.

They're working on a party for all shareholders in Las Vegas and UC wants to do this.

Ron got phone call from UC who was very excited about new things that have transpired over the weekend. It's huge! UC didn't tell Ron what it was.

Pete is going to try to make every race. He's trying to get a line pass for next race. May see him on ESPN one day

Ron can't wait to get back to Las Vegas to really talk to UC.


Sterling said, that the price didn't go up because of short position. When you see high volume and no price increase. If you shorted you make sure you have billions of shares to capture back money put into CMKX.

Company to keep shareholders....merger or dividend
shares in another stock. Reissue CIM?? To another exchange Could roll into one big pile CIM and everything else they got to next exchange?

Sterling says Topo is the man, he's very excited. He should be. Sterling is trying hard to keep his excitement down


We have a huge opportunity: lawyers, amount of land, everything else that has been made public...should have already been at .05 as per Topo.



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noahltl
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And this on another board from Dr. Diamond makes a good read:

I think we are beyond the point of needing to convince people of what I am going to call the CMKX ADVANTAGE!

1. We have the 1.4 million plus acres of mineral rights advantage
2. We have the Drill rigs and teams drilling and moving to sites already advantage
3. We have an historic Aerial Survey that no one else has ever had in diamond exploration over the Fort a la Corne region advantage
4. We have an incredibly experienced Law Firm escorting us through these difficult stages advantage
5. We have Urban and his staff of geologists that are some of the best in the world reading and interpreting the scientific data advantage
6. We have a PPS that is way undervalued at .0005 and is bound to increase to an investors advantage
7. We have already made our intentions known to become fully reporting and transparent to move up to a more reputable exchange and we know this to our advantage
8. Steps have already been taken and confirmed that what we are hearing in the ACTUAL PR's from the company is exactly what we are doing to our advantage
9. We have millions and millions of shares already in the bank at a very low PPS giving us an advantage over anyone else coming in after us
10. The MM's owe billions of shares to investors and will have to move the PPs to get the shares they need and we know this to our advantage
11. We have educated and experienced investors working with us throughout these boards to keep us informed and to help us sort out the facts so we can make wise investment decisions on our own which is a great advantage!

The CMKX ADVANTAGE is a reality, a very real opportunity, and not just a dream! It is definitely not a lottery ticket! That is the worst comparison for CMKX we could ever make! I would love to have the CMKX ADVANTAGE working for me on a lottery draw, I would have near an 80% chance or an 8 in 10 chance of winning the lottery instead of the 1 in 3 billion or so you get with the lottery!

I think back through much of my life and everytime an opportunity would arise most people would turn out to be lethargic, indecisive, pessimistic, suspicious, negative, and overall against the opportunity even though they knew absolutely nothing about it!

It is amazing how people can be so set against prosperity in whatever form it comes unless it has a 100% guarantee. In my personal opinion CMKX is about as close to a guarantee someone could get without actually getting one! And that is the great thing about the CMKX ADVANTAGE that those investors are aware of for sticking around a while! As a matter of fact one could actually say that a guarantee in CMKX is inferred by a non-existent implication.

It is like Melvin said, with CMKX and our search for diamonds used to be like fishing for fish in an ocean (or lake) and now we are fishing in a barrel. Have you ever fished in a barrel? I have, and the fishing is great!

Hundreds ( ) of magnetic anomalies in a region known to possess kimberlite that is diamondiferous 80% of the time and 50% of the time the diamonds are 1mm in size! I'm no rocket scientist but has anyone really read what the PR has said to us?

This is like getting an 80% guarantee that out of the hundreds (say 200 on the low side) of the magnetic anomalies (80%) 160 are going to be diamondiferous and (50%) 80 are going to have diamonds 1mm in size. This isn't even considering the non-magnetic anomalies!
This is not guess work this is reported and confirmed fact from the region! I used to drive to Pennsylvania to hunt deer because they were so plentious! I some times go to Alabama fishing because the fish we want to catch are so plentious and no limit on them. I'm sure very one of you go some where because the chances of getting what you want are higher. Whether it is a pair of shoes, tools, meat, clothes, etc..., we go to certain places because of the POTENTIAL that place has proven to us in having what we are looking for! Diamonds are no different! Fort a la Corne is proven itself over the years to be 80% diamondiferous in its kimberlite and 50% on 1mm size of diamonds! This just happens to be the BEST PERCENTAGES IN THE WORLD, BY FAR!

Well, that's where we are, and that's why Urban went there, and that's why he started 15 years ago gathering up mineral rights and claims!

So many out there are worried about the PPs, the share structure, and the financials, but the truth of the matter is that if Melvin told us the truth and the other anomalies on the map looked like dimes and ours looked like OREO COOKIES then it doesn't matter if we have 500 billion O/S (even though I don't believe we do) and are millions of dollars in debt (but I don't think we are) it would be irrelevant if only half of the percentages provided to us by the Canadian Government and CMKX were true!

I hope every pessimist, lethargic, indecisive, suspicious, and negative opportunists out there doesn't buy a single share of CMKX until every one of us have as many shares as we want! As I said at the beginning, we are beyond needing to try and convince anyone of CMKX and its potential.

The CMKX ADVANTAGE is only for those that have seen it, acted upon it, and have made their stand in it! The rabbit is out of the hat and if others can't see it then it is because they don't or won't see it! Maybe they are not supposed to see it, but my question is to those of you reading this:

Do you think I am reading to much into this or are we setting in an incredible position and we must be the only ones seeing this, or are we blinded to a boogey man hiding in the dark and we can't see it?

I have followed this company for nearly 19 months and I am more excited now than when I bought in at .0001 and more excited than when Carolyn was drilled and Melvin unwittingly said Mt. St. Helens was going to blow!

What do you think about our position? I know we would like an O/S and financials, but in the worst case financial and O/S scenario I still see a win, win situation!

Besides the O/S and financials, how do you read CMKX's potential as it is revealed to you right now?

Thanks in advance for your replies!

Dr.D


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XchangeMODE
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check out KYGC

KEY GOLD CORP.

2 month chart

any input?


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STAR GAZER
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Some see opportunity where others panic and see danger.
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STAR GAZER
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CMKX may leave some people stressed out but: STRESSED spell backwards is DESSERTS.
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STAR GAZER
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And now its time to go to bed and dream of sugar plum fairies.

[This message has been edited by STAR GAZER (edited June 28, 2004).]


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Doji say what!!
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quote:
Originally posted by XchangeMODE:
check out KYGC

KEY GOLD CORP.

2 month chart

any input?



they have 41,000,000 shares as the OS!!!!
guess what i have 78,500,000 shares in CMKX myself... lol

be realistic please

rock on cmkx holders http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=CMKX&range=7&mgp=0&x=4&y=9&i=2&hdate=
damn number keeps going up


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vado
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quote:
Originally posted by Booty Quest:
FarmBoy, you are sooo right! I think Richnessforeveryone is a total fraud! LMAO!!! I was just reading his posts on the negative CMKX thread and can see exactly what you were saying about him and how he pretends to speak poor English. This must be an old basher who changed his name and came back for more.

I was in the audience of the Jon Benet Ramsey murder case in LA and learned a lot about ransom notes. People that disguise their handwriting or personalities in writing will eventually become exhausted and revert back to their normal style.

LOL! At the beginning of this guys long bash-paragraph, I couldn't read without deciphering every few words, but I decided to trudge through. All of a sudden, he became fluid! I was breezing right through it and was amazed! It hit me like a rock!

It's funny that he spells the tough words right, the words like 'doubt' that most people around here spell wrong, but butchers the simplest words. What a scammer!

You may disagree, but I suggest people use their discerning abilities around here. I've seen a lot of scams going on at QBID lately. People that spend months becoming your friends so when the time comes they can exploit that bond and get you to sell all your shares. Then they come back and try to appear nothing like that other person. some of them are very savvy and pretending to be Lotka probably gives them a thrill every time they fool us!

Here are 3 examples of people that I think would do something like this:

U4TSAF2 - $CASHTAKER$ - DragonMaster

There are others, but I won't go there. Take this for what it's worth. Agree, disagree, bash me senseless...I am tired of distrusting people. It doesn't have to be this way. GLTA)


I think you are absolutely right.
For instance there are many posters around here who spell the word HUGE wrong.
They spell it HUGH.. you all should take notice.
I think they are all one and the same.
Ustaf4 was one of them and stargazer is another.

[This message has been edited by vado (edited June 28, 2004).]


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vado
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quote:
Originally posted by STAR GAZER:
Upside, you brought up a point that I hadn't considered. You said that you bought most of your shares at .0002 I bought most of mine at
.0001 and so even at .0005 I have a lot of leeway. On the other hand, some of the newer people bought at prices hihgher than .0005, even as high as .001 And so looking at your post reminded me that we will probably do ok no matter what happens, but other people might not. I stated in CMKX #1 (a long time back) that when I first started looking into this stock over a year ago, that I had a VERY STRONG SUSPICION that Mr. Casavant was a shyster who was trying to sucker people into buying his stock. But I kept watching it and finally decided that enough positive things had happened that made the risk worth while to put SOME of my money into the stock. However, even now, I still have a feeling in the back of my mind that this could somehow still be a scam, and so I am keeping a close watch on it. I like what I see, but I'm trying to be careful that I don't look at it through rose colored glasses. In fact, that's why I have a sell order for 1/10th of my shares at .025 Even if it is a scam, the stock can still make a good run, and if it is a scam, Mr. Casavant will try to get it to run as high as ossible. But if it is a scam, and I have been suckered in before on other stocks, then eventually everything will fall apart, and if I can actually sell 10% of my shares at .025 I will have a hugh hugh profit
on my original investment, even if worse comes to worse. However, considering all the good things that this stock has going for it,
I will have to see something pretty convincing before I will sell my shares, and even then I will probably hold on to some of them.


at .025 I will have a hugh hugh profit

[This message has been edited by vado (edited June 28, 2004).]


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pharmdman
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quote:
Originally posted by vado:
I think you are absolutely right.
For instance there are many posters around here who spell the word HUGE wrong.
They spell it HUGH.. you all should take notice.
I think they are all one and the same.
Ustaf4 was one of them and stargazer is another.

[This message has been edited by vado (edited June 28, 2004).]


Don't forget to look for 'looser' instead of 'loser' and 'dought' instead of 'doubt'.... interesting isn't it?!


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vado
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quote:
Originally posted by pharmdman:
Don't forget to look for 'looser' instead of 'loser' and 'dought' instead of 'doubt'.... interesting isn't it?!

I am very wary of this and pther boards..most of the time I just read the posts I don't post a lot only when I have something to ad or is it add.


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darrenbaker
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Hey, goodmondaymorning to you all!
Can someone post the level 2 quotes for us?

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STAR GAZER
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Goodness, looks like I made a HUGH mistake. Oooops, I should say HUGE mistake. OK, I admit it, I am one of the worlds worst spellers.When I write these posts, I actually
have a dictionary with me. If I think that I mispelled a word ... darn, misspelled a word,
I look it up in the dictionary, but if I don't realize that I spelled a word wrong, then I won't look it up. I had no idea that I
was sspelling HUGE wrong, and so I kept on doing it. There will probably be a lot of words that I spell wrong. However, I don't think that I have ever bashed a stock or a person. In fact I've posted a lot of stocks for people to buy such as AIDO. Other people may have mentioned them before me, but if I see some new info or PR about the companies such as HIET or URMP, then I post it. Right now I am looking at other stocks such as VRMD
and CFGC. Also, I don't change from bad to good and back to bad English, and my misspelled words stay misspelled, unless I notice that some one else has spelled them differently and I check them out, but that doesn't usually happen. Well, this post is getting to be huge and off the subject of CMKX and so I will end it hear, oops, here.

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VNGNTN1
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END NAKED SHORT SELLING IDEA
NEW SEC RULE
If a company files bankruptcy MM cover to charity ? SEC polls investors to set value ?
VAN

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vado
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quote:
Originally posted by STAR GAZER:
Goodness, looks like I made a HUGH mistake. Oooops, I should say HUGE mistake. OK, I admit it, I am one of the worlds worst spellers.When I write these posts, I actually
have a dictionary with me. If I think that I mispelled a word ... darn, misspelled a word,
I look it up in the dictionary, but if I don't realize that I spelled a word wrong, then I won't look it up. I had no idea that I
was sspelling HUGE wrong, and so I kept on doing it. There will probably be a lot of words that I spell wrong. However, I don't think that I have ever bashed a stock or a person. In fact I've posted a lot of stocks for people to buy such as AIDO. Other people may have mentioned them before me, but if I see some new info or PR about the companies such as HIET or URMP, then I post it. Right now I am looking at other stocks such as VRMD
and CFGC. Also, I don't change from bad to good and back to bad English, and my misspelled words stay misspelled, unless I notice that some one else has spelled them differently and I check them out, but that doesn't usually happen. Well, this post is getting to be huge and off the subject of CMKX and so I will end it hear, oops, here.

Just an observation dude.
No offense I hope.


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STAR GAZER
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By the way vado, I notice that you have been a member of this board since Dec '03, I've been a member since Oct '03 ... Which doesn't mean anything. However, if you look a
few posts above yours, you will see that I said that I bought more shares of CMKX at .0006 to bring my total to 14,500,000. I wouldn't call that bashing this stock. Nuff said. As everybody has seen from my other posts, I talk too much.

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darrenbaker
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L2's anyone?
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STAR GAZER
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And I apologize, as I said above, I talk too much. Actually, you were right, we need to be
careful and try to identify the bashers, because their only intent is to make the stock go lower and they don't care if they hurt a lot of people by making them sell too soon, let alone hurt the stock and its company.

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noahltl
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darren Don't know how to take a snapshot of my L2 yet, but currently there is a large number of 9,000,000 blocks being traded at .0004.
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noahltl
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Now L2's are steady at .0005
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Money_Penny
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For reasonably up-to-date L2's, go here:
http://dallas-texas.net/level2/

[This message has been edited by Money_Penny (edited June 28, 2004).]


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noahltl
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And now a PR from our neighbors: Kensington


Kensington Resources Ltd.: Aggressive Evaluation Program Planned for 2004/2005
Monday June 28, 9:15 am ET


VICTORIA, British Columbia--(BUSINESS WIRE)--June 28, 2004--Kensington Resources Ltd. (TSX VENTURE:KRT - News; the "Company") announces details of the Forward Work Program for 2004/2005 presented at a meeting of the Joint Venture partners of the Fort a la Corne Diamond Project in Saskatchewan on June 16, 2004. This program, budgeted at CDN $6.0 million, has been approved by the management and Board of Directors of the Company and will cover the period from the present until March 31, 2005.
ADVERTISEMENT


Past programs have focused on assessing the resource potential for an individual kimberlite body or for a unit or units within a particular body. This approach has resulted in better geological definition of sub-units within the kimberlites and recognition that some of these sub-units have relatively higher grades. The project strategy has now been revised to focus on the higher grade units within proximally-located priority kimberlite bodies and to consider them in combination. This approach has the advantage of considerably increasing the size of the potential resource and may permit significant economy of scale to be achieved for a large scale mining operation.

Robert A. McCallum, President, stated, "This is a logical shift in strategy by the operator. The emphasis now is clearly on moving the project towards a decision regarding pre-feasibility as quickly as possible. We fully support the new approach and will work closely with our Joint Venture partners during this crucial stage of development. Given the present shortfall in the world supply of rough stones, Fort a la Corne could well become a large, long-term low cost producer."

At the Joint Venture meeting, the Company received from the operator a draft report prepared by De Beers Mineral Resource Management Department ("MRM") presenting the geological modeling and grade estimates for kimberlite bodies 140/141, 148 and 122. Grades have been estimated from microdiamonds and assume a bottom cutoff of 1.5 mm. Preliminary results indicate that the higher grade units of kimberlite bodies 140/141, 148 and 122 defined in the 2003/2004 work program range from 29 million tonnes to 156 million tonnes with average grades of 7 carats per hundred tonnes to 16 carats per hundred tonnes. The microdiamond interpretation used to estimate grade can also be used to estimate a diamond size distribution. The combination of this size distribution and value information from macrostones can be used to estimate an average diamond value. This was done for the different units in 140/141 and for body 122. The reader is cautioned that the number of macro stones used to obtain value data is very small and amounts to 155 carats for 140/141 (all units) and 17 carats for body 122. As a result, the confidence in the average diamond values per unit is low. The combined units of higher interest contain an estimated 369 million tonnes at an average modelled grade of 10 carats per hundred tonnes. Please see a more detailed technical summary of this information, as well as a copy of the latest technical report, which can be viewed on the Company's website at www.kensington-resources.com.

The reader is cautioned that the grade and value estimates are conceptual in nature and the volumes for each of the high interest zones are early estimates derived from computer-generated 3-dimensional models of kimberlite units within areas defined by drillhole intersections. Volume to tonnage estimates were calculated using a specific gravity 2.4 g/cm3 for all kimberlite units. The tonnage estimates require further delineation drilling to better ascertain lateral and vertical extents of the geological units. The Company will release a more complete summary of the MRM report as soon as the results for kimberlite 150 are completed and the report is finalized.

While these higher grade units of higher interest are physically separated by distances of 2 to 3 kilometres, there are several larger kimberlite bodies in the southern portion of the property which require further evaluation for higher grade zones. The potential of the higher grade zones within these kimberlites might then be considered in combination with the units already defined.

In order to define a potential resource as rapidly as possible, the Joint Venture partners have endorsed a substantial program for the 2004/2005 season. It is anticipated that drilling will commence in August and a second phase of drilling may be implemented as early as the second quarter of 2005.

The main initiatives of the 2004/2005 program include:

A program of large diameter (36-inch or 914 mm) mini-bulk sampling holes distributed over bodies 140/141, 148 and 122 to increase confidence levels in grade and revenue estimates. Additional HQ coreholes may be required as pilot holes for these large diameter drillholes (LDDH).
A core drilling program on three of the next most prospective kimberlite bodies in the southern portion of the claims specifically to test for higher-grade zones.
A drilling program to explore newly-defined kimberlite targets in the southern claim area from airborne magnetic and electromagnetic surveys including the large gravity anomaly to the east of body 150.
The joint venture partners have also agreed to carry out the following work immediately with unexpended funds remaining from the 2003/2004 program:

Sample existing core from Kimberlite 122 for further microdiamond recovery and grade forecasting.
Implement a broad program of sampling and analytical work providing whole rock geochemical data that will compliment detailed core logging and petrographic studies used in identification of kimberlite phases.
Conduct a trial survey of comprehensive indicator mineral chemistry and heavy mineral abun****** on Kimberlite 140/141 with the objective of validating the methodology as a potential exploration/evaluation tool for selection of priority FalC kimberlites.
Integration and modeling of geophysical data for kimberlites 122, 148, 150, and 140/141.
Conduct an expanded electro-magnetic survey (TAMT) over the 140/141 kimberlite designed to pinpoint the underlying feeder vent(s) for the body.
Brent C. Jellicoe, P.Geo. is the Qualified Person for the Company and has reviewed the technical information herein. All aspects of quality assurance, quality control and sample chain of custody for the Fort a la Corne Joint Venture are managed by De Beers Canada Exploration Inc., the project operator.

The Fort a la Corne Diamond Project is a joint venture among Kensington Resources Ltd. (42.25%), De Beers Canada Exploration Inc., a wholly owned subsidiary of De Beers (42.25%), Cameco Corporation (5.5%) and UEM Inc. (carried 10%). The 71+ kimberlite bodies of the Fort a la Corne Field form one of the largest diamondiferous clusters in the world.

ON BEHALF OF THE BOARD OF DIRECTORS

OF KENSINGTON RESOURCES LTD.

Robert A. McCallum, President

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others, the risk factors contained in the Company's documents filed from time to time with the B.C. Securities Commission and the U.S. Securities and Exchange Commission.


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noahltl
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WOW LEARN SOMETHING NEW EVERYDAY Here's a great post from Dr. Diamond on another board about a MM trick. Must read if you have stop orders.

DrDiamond
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What about these daily spikes in the PPS?
« Thread started on: Today at 11:18am »

--------------------------------------------------------------------------------
Many have asked what or why these spikes come in the PPS; such as todays .005! Some may call it a slip of the finger but knowing the MM's tactics I would call it an INTENTIONAL slip of the finger!

The MM's usually will daily intentionally spike the price in case some investors have sells placed on a STOP order! When the spike goes up it activates all of the STOP orders that were on hold and now initiates them to fill at market price!

What this means is: Lets say the PPS is .0005 and there are millions or billions of shares hanging on STOP orders up through .005. Remember that when the STOP PRICE is reached the order automatically becomes a MARKET ORDER meaning it will compete in the open market and sell at the next available price!

So the spike goes up to .005 and every STOP ORDER between .0005 and .005 are automatically kicked into the market to sell. Since it was only a spike by the MM's to jar those shares loose, immediately the .005 spike drops back to .0005 where the MM's can pick up all of these millions of shares at the market value for .0005!

Below is the definition from Ameritrade on what a STOP order is!

"A Stop order indicates that you want your order to become a Market order once a specific "stop" price has been reached. Each market center determines if the order is activated either by an execution at the stop price or the appropriate quote. For listed securities, the most common practice requires that an execution actually occur at your stop price. For Nasdaq/OTC stocks, the stop may be triggered on either an execution at that price or at the appropriate quote. For equity sell stops, the appropriate quote is the bid price; for equity buy stops, the appropriate quote is the ask price. Once the order becomes a market order, it will then seek an immediate execution, with buy orders usually executing near the current ask price and sell orders executing near the current bid price. Placing a stop order for a volatile stock does not guarantee order execution at or near the stop price. Once activated, your order competes with all current market orders. The Stop order is designed to protect against potential loss by liquidating (or covering) a position (or partial position) if the market price changes in a direction that negatively affects the position's valuation. "

This is just one reason we might see these .005 spikes or it could be a slip of the finger! Either way the MM's can call it what they want, but they still have got what they wanted. The millions or billions of shares!

Hope this helps!

Dr.D


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