posted
What handle is he using? I looked for him on both threads and didn't see him. I just might buy some MLON when it gets back down to .0001 / .0002, buckle my shoe.
quote:Originally posted by Upside: Come on Will, let's buy some MLON just so we can keep tabs on Sterling. And of course so I can watch you get hair pulling, chest grabbing mad when he posts a new theory.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
It's on page 1 of the current MLON thread. He's not posting here himself, it was copied and pasted here by whizknock. Posted at 12:42. The authors name is stervc. That's Sterling. It's a must read!
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Ok, let me get coffee and a cigarette first. It will calm me, and by all accounts I will need calming. You just have to love a devious mind that can think up trash. Bad is Good, anti-matter Sterling. I haven't read it yet, but I will shortly.
quote:Originally posted by Upside: It's on page 1 of the current MLON thread. He's not posting here himself, it was copied and pasted here by whizknock. Posted at 12:42. The authors name is stervc. That's Sterling. It's a must read!
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Ok but check back in when you're done reading it so I know you didn't have a grabber. I know how you get. Maybe we should check with Doctoall and see if he lives near you just in case.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
OK! I got this far "X = Equilibrium price of MLON", to his first equation. I actually read all that double talk about companies exchanging dividends. If that didn't sound like three card monty, I don't know what did or will. You know, he explained it nice and logically, but there is something wrong in his premise. I will be amazed if that thing goes to .11, I'm a buyer at .0001 / .0002 buckle my shoe. All that stock needed to retrace and give me a buying opportunity was this joker's theory. Hope he stays with it.
quote:Originally posted by Upside: Ok but check back in when you're done reading it so I know you didn't have a grabber. I know how you get. Maybe we should check with Doctoall and see if he lives near you just in case.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Been hearing lots of stuff about "phantom shares" and such. Do any of you know if there is a possibility that the CMKX shares we bought through brokers are not real?? Just that thought makes my blood run cold. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
Ed, I believe the talk you're hearing about phantom shares are what the naked short theorists believe. I think the theory is that Urban has bought up almost the entire o/s of "real shares" and everything that everyone else holds are the phantom or naked shorted shares. I'm describing it in simplistic terms but I think thats the gist of it.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Yea, Phantom of the Opera Shares. [/B][/QUOTE]
quote:Originally posted by Upside: Ed, I believe the talk you're hearing about phantom shares are what the naked short theorists believe. I think the theory is that Urban has bought up almost the entire o/s of "real shares" and everything that everyone else holds are the phantom or naked shorted shares. I'm describing it in simplistic terms but I think thats the gist of it.
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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MAJJ.PK closed yesterday $1.92 did not trade all day until right before close. I copied down two bids...there were so many... one was for $2450 per share. One was for $3505 and the stock closed at $2808.
KNTF.OB closed yesterday at .0001 and opened today at .50 and closed at $2.60.
posted
well i'm thinking the one that was naked was usca...it went up $1 today on no news & most was late day trading
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
dwman Member posted January 06, 2005 17:14 -------------------------------------------------------------------------------- WOW!!!! I am a SHO believer. If this has already been posted please forgive.
MAJJ.PK closed yesterday $1.92 did not trade all day until right before close. I copied down two bids...there were so many... one was for $2450 per share. One was for $3505 and the stock closed at $2808.
KNTF.OB closed yesterday at .0001 and opened today at .50 and closed at $2.60.
======================================
?????????????????????? KNTF is at .65 with 1 trade today for 100 shares & according to what i can tell almost every share is owned by the company or its parent company. MAJJ had no trades in days but is at $655. it had no data about the company
posted
Aww, we're not going to get into a serious debate about SHO here are we? Where's the fun in that?
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Carrying the thought one step further, assuming we hold phantom shares, two questions 1. We paid for nothing? 2. We cant sell or get our money back somehow? Oh, and one more. How can brokers sell shares that dont exist?
quote:Originally posted by Upside: Ed, I believe the talk you're hearing about phantom shares are what the naked short theorists believe. I think the theory is that Urban has bought up almost the entire o/s of "real shares" and everything that everyone else holds are the phantom or naked shorted shares. I'm describing it in simplistic terms but I think thats the gist of it.
Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
well i stand corrected...i looked at microcap first & got the above numbers after posting i went to ameritrade for company profiles & got the numbers DW posted. i'm wondering why the differance. MAJJ is michael atthony jewlers & is on the NQB the other is knight fuller & does look to have a good product. it was a shell company till middle of 2004. the last time it had a trade was Aug. of 2004. not 1 trade since till today & in aug. it was $5.50. i'd say weird things are a foot..lol
Posts: 3651 | From: Algonac, MI. 48001 | Registered: Jun 2004
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posted
ed19363 Member posted January 06, 2005 18:57 -------------------------------------------------------------------------------- Carrying the thought one step further, assuming we hold phantom shares, two questions 1. We paid for nothing? 2. We cant sell or get our money back somehow? Oh, and one more. How can brokers sell shares that dont exist? ==================================
its done through of shore accounts. naked shorting is a real problem. but no matter which o/s you go by why naked short a company with hundreds of billions of shares. anyway for SHO to have any effect you'd first have to report your o/s
posted
Ed, To answer your questions in reverse order, that is pretty much the definition of naked shorting, selling shares that don't exist. At some point the market makers are forced to "cover", or, come up with the non-existent shares when required to. When there is a large naked short position on a stock, that's when you'll see the typical short squeeze, when the price is rising and a lot of the MM's are forced to cover their short position. They'll buy shares at any price in order to cover and that escalates the price. In the case of CMKX, some are saying that the entire 800 billion a/s is naked shorted and that eventually, when forced to cover, the price will rise to astronomical levels. Yes, you will be able to sell your shares whether this happens or not. Maybe not for the price you want but you'll be able to sell them. Whether the shares in your account are real or not is unknown. You could call your broker and have them deliver the actual certs to you if that makes you feel safer. Then you know they're real.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
This stock is a joke. Boy does UC have everyone snowballed. I was at first, but no more. This stock bounces 100% up and down everyother day. It's got to be a scam. Posts: 304 | From: Michigan | Registered: Apr 2004
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quote:Originally posted by jackpot: This stock is a joke. Boy does UC have everyone snowballed. I was at first, but no more. This stock bounces 100% up and down everyother day. It's got to be a scam.
Just because it bounces up and down 100% everyday doesn't make it a scam. I just wish they would put out a PR that either says "we are a scam" or "sorry, we've been busy trying to get to a better exchange, and as of this PR we are now listed on the big board and yes we do have a naked stock issue to the tune of 700billion shares being naked short stocks. All your shares will have to be covered by the evil MM's and when you combine that with the $400billion worth of diamonds we just found inside Carolyn's pipe should make each share of CMKX worth roughly $25-30. Thank you for believing in CMKX!"
Either one of those PR's would be fine by me.
[This message has been edited by mydogsky (edited January 06, 2005).]
quote:Originally posted by jackpot: This stock is a joke. Boy does UC have everyone snowballed. I was at first, but no more. This stock bounces 100% up and down everyother day. It's got to be a scam.
Surely you must be kidding. There are far too many very bright people investing in this stock. The fact that it bounces between .0001 and .0002 does not in any way prove it to be a scam. Get real.
posted
Thank you all....this is only my second venture into pennies, and I believe I'll stick with the big boys in the future, this is too much for my old heart to take for more than a year....LOL. Hopefully, these shares will be worth something someday, meanwhile, I'm not going anywhere (I hope).
quote:Originally posted by Upside: Ed, To answer your questions in reverse order, that is pretty much the definition of naked shorting, selling shares that don't exist. At some point the market makers are forced to "cover", or, come up with the non-existent shares when required to. When there is a large naked short position on a stock, that's when you'll see the typical short squeeze, when the price is rising and a lot of the MM's are forced to cover their short position. They'll buy shares at any price in order to cover and that escalates the price. In the case of CMKX, some are saying that the entire 800 billion a/s is naked shorted and that eventually, when forced to cover, the price will rise to astronomical levels. Yes, you will be able to sell your shares whether this happens or not. Maybe not for the price you want but you'll be able to sell them. Whether the shares in your account are real or not is unknown. You could call your broker and have them deliver the actual certs to you if that makes you feel safer. Then you know they're real.
Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
....and thank you for believing in the tooth fairy!
quote:Originally posted by mydogsky: Just because it bounces up and down 100% everyday doesn't make it a scam. I just wish they would put out a PR that either says "we are a scam" or "sorry, we've been busy trying to get to a better exchange, and as of this PR we are now listed on the big board and yes we do have a naked stock issue to the tune of 700billion shares being naked short stocks. All your shares will have to be covered by the evil MM's and when you combine that with the $400billion worth of diamonds we just found inside Carolyn's pipe should make each share of CMKX worth roughly $25-30. Thank you for believing in CMKX!"
Either one of those PR's would be fine by me.
[This message has been edited by mydogsky (edited January 06, 2005).]
[This message has been edited by will (edited January 06, 2005).]
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Hi folks, Has anyone heard anything recently about our restricted shares? Steve
Posts: 259 | From: Rogers, AR | Registered: Oct 2003
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Esteban, I had heard that some were reporting the restriction was lifted. All I can tell you is that mine are still restricted at Ameritrade.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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Yeah, Upside, thats where mine are too. Still no price behind the names....... If they lift the restrictions for one, you would think it would be for all. I am beginning to think that is the only hope I have of making any money off this POS. Steve
Posts: 259 | From: Rogers, AR | Registered: Oct 2003
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posted
Hey look at me here! Looks like I have to change my user name from just "Upside" to "5 Star Upside"! Yep old 5 star here must be regarded pretty highly to earn that kind of a rating! I see bill also has a 5 star and that's appropriate and Will...., well you have no rating and in a way that's appropriate too.
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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Daymn!! I ain't got no stars by my name...wonder if I could put 7 (yes, seven) stars by my name. Bob, please tell me how to put stars up for myself<G> Steve
Posts: 259 | From: Rogers, AR | Registered: Oct 2003
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posted
Ok now thats not funny. Who's the rotten s.o.b.'s that have knocked me down to being 4 star Upside? Come on guys, I'm offering 100,000 CMKX shares for every 5 star vote!
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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posted
Ok! Got it back up to 5! Thanks someone. Oh, if you guys wouldn't mind, in the future if we might be conversing about something, please refer to me as 5 star. Thank you!
Posts: 5729 | From: Wisconsin | Registered: Sep 2003
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quote:Originally posted by Upside: Esteban, I had heard that some were reporting the restriction was lifted. All I can tell you is that mine are still restricted at Ameritrade.
One day this week my account showed a value and tradable, the next day they were restricted again.
Oh well, that life!
-------------------- A day without dreams is just a nightmare! Posts: 1702 | From: Michigan | Registered: Oct 2003
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quote:Originally posted by Upside: Ok! Got it back up to 5! Thanks someone. Oh, if you guys wouldn't mind, in the future if we might be conversing about something, please refer to me as 5 star. Thank you!
Hey 5 Star, I was one of the ones that gave you a 5 rating (actually, the first).
Thanks for all the help in the past, you have taught me a great deal that I hope to be able to pass along to others.
-------------------- A day without dreams is just a nightmare! Posts: 1702 | From: Michigan | Registered: Oct 2003
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posted
Hey Mr. Bigshot, 5 star Upside. Does that 5 star rating correlate to the $$$ in your trading account. If it does, fantastic! The reason I have 0 stars is because my rating does reflect my $$$ in my trading account. Maybe you get stars for being Mr. Nice Guy, or in some cases, A KI$$ A$$ !!! LOL
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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