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warum läuft denn hier alles doppelt und dreifach?????
short selling klasse dargestellt
vom sterling board
By: todd9609600
23 Jun 2004, 03:50 PM EDT
Msg. 27605 of 27606
Jump to msg. #
"Dan the MM gets in trouble." From another board.
CMKM Diamonds Inc (: CMKX)
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By: pedro20040
23 Jun 2004, 12:52 PM EDT
Msg. 324863 of 325564
Jump to msg. #
Repost: The Naked Shorting of CMKX
(I posted this yesterday – but I decided to post it again)
Let us look first look at the MM. But we will go a bit further and look at the person sitting behind a desk. We will call this person Dan.
Dan works for an MM. Dan is someone who sits behind a desk and determines the PPS of stock. Dan is not a high level manager. Dan is just starting his career as an MM and is assigned to low value stock trading. Dan gets paid by commission. Dan receives 5% commission on all gains (of stock that he trades).
Dan is just like everyone else. He may be married, might have kids and has bills that need to be paid.
Dan discovers a stock called CMKX. This is a stock with billions of outstanding shares and trading at 0.0001 cents per share. What Dan notices is that there is high level of trading activity. This activity catches Dan’s attention.
Dan uses $10,000 of company’s money and purchases 100 million shares of CMKX (10,000 / .0001 = 100,000,000 shares). Dan places an ask price of 0.0002 for each share of CMKX.
Buyer’s come along and purchase the 100 million shares for $20,000 (100,000,000 x 0.0002 = $20,000). Dan has just made a profit of $10,000. That is a 100% profit.
Dan uses $50,000 of company’s money and purchases 500 million shares of CMKX (50,000 / .0001 = 500,000,000 shares). Dan places an ask price of 0.0002 for each share of CMKX.
Buyer’s come along and purchase the 500 million shares for $100,000 (500,000,000 x 0.0002 = $100,000). Dan has just made a profit of $50,000. That is a 100% profit.
Dan repeats what he has done many times. At the end of the month Dan has just made the company a $100,000 profit. Dan receives a commission of $5,000 (100,000 x 5% = $5,000).
______________________________________
Dan calls all of his other MM friends and tells them about CMKX. All of Dan’s MM friends start to trade just like Dan. All of Dan’s MM friends are happy because they are all making money. Dan’s MM friends call other MM friends. And before you know it, all of the MM’s are trading CMKX.
Now Dan finds it hard to buy CMKX shares at 0.0001 per share. So Dan starts to short trade. Dan start’s to short sell CMKX at 0.0002 per share. A week may go by and Dan is able to buy back the shares at 0.0001 per share. Dan still makes his 100% profit. Soon, all of Dan’s friends start to short sell CMKX and are making a 100% profit.
______________________________________
All of Dan’s friends are short trading CMKX. Selling at 0.0002 per share and buying back at 0.0001 per share. But Dan notices that it is getting harder to buy back CMKX shares at 0.0001 because all of his MM friends are buying back CMKX at 0.0001 per share at the same time!
Dan calls his MM friends and tells them he is worried because he can not buy back any CMKX shares. Dan’s friends say to not be worried because CMKX is a little company that will not go anywhere.
So Dan and all of Dan’s MM friends decide that they will not worry about buying back short sales. Why? Some say that the company will never go anywhere. Some say that the company will go bankrupt. But the most interesting that Dan heard, was “if we keep the prices at 0.0001, then those people buying will get tired (of holding so long) and will sell the CMKX shares back at 0.0001 per share. We still make our 100% profit.”
Now Dan and all of Dan’s MM friends are naked short selling CMKX shares.
______________________________________
Dan likes making profits for the company. Dan gets a 5% commission. So Dan sells two (2) billion shares of CMKX at 0.0002 and Dan receives $400,000 in sale proceeds (2,000,000,000 x 0.0002 = $400,000).
Dan doesn’t worry about buying back the shares. Dan’s knows that one day those people who bought CMKX will get tired (of holding so long) and sell back the naked short sales (to Dan) at 0.0001 per share. Dan thinks “I just made a $200,000 profit. My commission is $10,000.”
All of Dan’s MM friends do the same thing.
______________________________________
But one day something happened
A lot of people are buying CMKX shares. There are so many people buying CMKX that the price of CMKX is now 0.0011 per share.
Dan starts to worry because Dan still needs to buy two (2) billion shares of CMKX to cover what Dan had short sold before. Then Dan gets really worried because buying two (2) billion shares will cost $2.2 million dollars (2,000,000,000 x 0.0011 = $2,200,000.)
Dan calculates (Cost =2,200,000) less (sale proceed = 400,000) = (net loss $1,800,000).
Then Dan gets really worried because he has just lost $1.8 million dollars of the companies money. Dan knows he is in real trouble. But worst, Dan gets scared because he might get fired from his job.
Dan call’s all of his MM friends and finds out that they too, have billions of naked short sales, which would cost tens of millions of dollars.
______________________________________
Dan and all of Dan’s MM friends decide that they must bring the price of CMKX back to 0.0002 per share. So all of Dan’s MM friends buy from each other, sell to each other, buy from each other and are slowly bringing the price down.. Dan knows that the lower the price, the more scared (the people who bought the shares) would get and maybe, just maybe, they would get so scared and they will sell their shares.
But Dan realizes that; (2,000,000,000 shares) x (0.0005) = $1,000,000.
Dan still knows he is loosing the company’s money.
($1,000,000) less ($400,000) = $600,000 loss.
______________________________________
Dan calls all his MM friends and tells them that they need to keep doing what they’re doing (making the price go down) back to 0.0002 per share. Dan is hoping that when he does this, all of those people who bought the shares at 0.0002, will get scared and sell them back to Dan at 0.0002 per share.
Because Dan knows that; (2,000,000,000 shares) x (0.0002) = $400,000.
Dan knows that the company will not loose any money.
($400,000) less ($400,000) = $0
Dan would really be happy then!
______________________________________
But the one thing that worries Dan so much is this;
What happens if those people that bought Dan’s naked shorted shares do NOT sell the shares back to Dan at 0.0002 per share? That worries Dan.
+++++++++++++
DER ABSOLUTE HAMMER WÄRE, wenn cmkm´s Anwälte zur AMEX wechseln würden - hehe - dann jibbet viele Pleiten bei den MM´s
das wünsch ich mir so richtig mal
urseline
vom sterling board
By: todd9609600
23 Jun 2004, 03:50 PM EDT
Msg. 27605 of 27606
Jump to msg. #
"Dan the MM gets in trouble." From another board.
CMKM Diamonds Inc (: CMKX)
CMKX Quote | CMKX Msg Board | CMKX LiveCharts | CMKX Chart | CMKX News | CMKX Company Info | CMKX I-Watch | CMKX Insider | CMKX Analyst Recs | CMKX Top Holders
« CMKX Message list | Reply to msg. | Post new msg. « Older | Newer »
By: pedro20040
23 Jun 2004, 12:52 PM EDT
Msg. 324863 of 325564
Jump to msg. #
Repost: The Naked Shorting of CMKX
(I posted this yesterday – but I decided to post it again)
Let us look first look at the MM. But we will go a bit further and look at the person sitting behind a desk. We will call this person Dan.
Dan works for an MM. Dan is someone who sits behind a desk and determines the PPS of stock. Dan is not a high level manager. Dan is just starting his career as an MM and is assigned to low value stock trading. Dan gets paid by commission. Dan receives 5% commission on all gains (of stock that he trades).
Dan is just like everyone else. He may be married, might have kids and has bills that need to be paid.
Dan discovers a stock called CMKX. This is a stock with billions of outstanding shares and trading at 0.0001 cents per share. What Dan notices is that there is high level of trading activity. This activity catches Dan’s attention.
Dan uses $10,000 of company’s money and purchases 100 million shares of CMKX (10,000 / .0001 = 100,000,000 shares). Dan places an ask price of 0.0002 for each share of CMKX.
Buyer’s come along and purchase the 100 million shares for $20,000 (100,000,000 x 0.0002 = $20,000). Dan has just made a profit of $10,000. That is a 100% profit.
Dan uses $50,000 of company’s money and purchases 500 million shares of CMKX (50,000 / .0001 = 500,000,000 shares). Dan places an ask price of 0.0002 for each share of CMKX.
Buyer’s come along and purchase the 500 million shares for $100,000 (500,000,000 x 0.0002 = $100,000). Dan has just made a profit of $50,000. That is a 100% profit.
Dan repeats what he has done many times. At the end of the month Dan has just made the company a $100,000 profit. Dan receives a commission of $5,000 (100,000 x 5% = $5,000).
______________________________________
Dan calls all of his other MM friends and tells them about CMKX. All of Dan’s MM friends start to trade just like Dan. All of Dan’s MM friends are happy because they are all making money. Dan’s MM friends call other MM friends. And before you know it, all of the MM’s are trading CMKX.
Now Dan finds it hard to buy CMKX shares at 0.0001 per share. So Dan starts to short trade. Dan start’s to short sell CMKX at 0.0002 per share. A week may go by and Dan is able to buy back the shares at 0.0001 per share. Dan still makes his 100% profit. Soon, all of Dan’s friends start to short sell CMKX and are making a 100% profit.
______________________________________
All of Dan’s friends are short trading CMKX. Selling at 0.0002 per share and buying back at 0.0001 per share. But Dan notices that it is getting harder to buy back CMKX shares at 0.0001 because all of his MM friends are buying back CMKX at 0.0001 per share at the same time!
Dan calls his MM friends and tells them he is worried because he can not buy back any CMKX shares. Dan’s friends say to not be worried because CMKX is a little company that will not go anywhere.
So Dan and all of Dan’s MM friends decide that they will not worry about buying back short sales. Why? Some say that the company will never go anywhere. Some say that the company will go bankrupt. But the most interesting that Dan heard, was “if we keep the prices at 0.0001, then those people buying will get tired (of holding so long) and will sell the CMKX shares back at 0.0001 per share. We still make our 100% profit.”
Now Dan and all of Dan’s MM friends are naked short selling CMKX shares.
______________________________________
Dan likes making profits for the company. Dan gets a 5% commission. So Dan sells two (2) billion shares of CMKX at 0.0002 and Dan receives $400,000 in sale proceeds (2,000,000,000 x 0.0002 = $400,000).
Dan doesn’t worry about buying back the shares. Dan’s knows that one day those people who bought CMKX will get tired (of holding so long) and sell back the naked short sales (to Dan) at 0.0001 per share. Dan thinks “I just made a $200,000 profit. My commission is $10,000.”
All of Dan’s MM friends do the same thing.
______________________________________
But one day something happened
A lot of people are buying CMKX shares. There are so many people buying CMKX that the price of CMKX is now 0.0011 per share.
Dan starts to worry because Dan still needs to buy two (2) billion shares of CMKX to cover what Dan had short sold before. Then Dan gets really worried because buying two (2) billion shares will cost $2.2 million dollars (2,000,000,000 x 0.0011 = $2,200,000.)
Dan calculates (Cost =2,200,000) less (sale proceed = 400,000) = (net loss $1,800,000).
Then Dan gets really worried because he has just lost $1.8 million dollars of the companies money. Dan knows he is in real trouble. But worst, Dan gets scared because he might get fired from his job.
Dan call’s all of his MM friends and finds out that they too, have billions of naked short sales, which would cost tens of millions of dollars.
______________________________________
Dan and all of Dan’s MM friends decide that they must bring the price of CMKX back to 0.0002 per share. So all of Dan’s MM friends buy from each other, sell to each other, buy from each other and are slowly bringing the price down.. Dan knows that the lower the price, the more scared (the people who bought the shares) would get and maybe, just maybe, they would get so scared and they will sell their shares.
But Dan realizes that; (2,000,000,000 shares) x (0.0005) = $1,000,000.
Dan still knows he is loosing the company’s money.
($1,000,000) less ($400,000) = $600,000 loss.
______________________________________
Dan calls all his MM friends and tells them that they need to keep doing what they’re doing (making the price go down) back to 0.0002 per share. Dan is hoping that when he does this, all of those people who bought the shares at 0.0002, will get scared and sell them back to Dan at 0.0002 per share.
Because Dan knows that; (2,000,000,000 shares) x (0.0002) = $400,000.
Dan knows that the company will not loose any money.
($400,000) less ($400,000) = $0
Dan would really be happy then!
______________________________________
But the one thing that worries Dan so much is this;
What happens if those people that bought Dan’s naked shorted shares do NOT sell the shares back to Dan at 0.0002 per share? That worries Dan.
+++++++++++++
DER ABSOLUTE HAMMER WÄRE, wenn cmkm´s Anwälte zur AMEX wechseln würden - hehe - dann jibbet viele Pleiten bei den MM´s
das wünsch ich mir so richtig mal
urseline
@alle
zum thema short selling,hoffe ist nicht zu lang
I just posted the level 2 pick (see it on the home page 4th one down on the left hand side) and SCHB just sent in a 200 signal. Check on the right hand side of the level 2 and you`ll see 200 shares were traded. This is a signal between MM`s to do something. Here is a breakdown of their signals.
100 means I need shares.
200 means I need shares badly but don`t take price down to get them.
300 means Take the price down to get shares
400 means Trade it sideways based on Supply and Demand
500 means Gap one way or the other, generally in the direction of the 500 trade. If in the middle, keep the price right where it is.
Basically, SCHB is looking for shares badly. This is a good thing.
ist von gestern oder vorgestern cmkx.net,noch was zum an-
melden
super.....
zum thema short selling,hoffe ist nicht zu lang
I just posted the level 2 pick (see it on the home page 4th one down on the left hand side) and SCHB just sent in a 200 signal. Check on the right hand side of the level 2 and you`ll see 200 shares were traded. This is a signal between MM`s to do something. Here is a breakdown of their signals.
100 means I need shares.
200 means I need shares badly but don`t take price down to get them.
300 means Take the price down to get shares
400 means Trade it sideways based on Supply and Demand
500 means Gap one way or the other, generally in the direction of the 500 trade. If in the middle, keep the price right where it is.
Basically, SCHB is looking for shares badly. This is a good thing.
ist von gestern oder vorgestern cmkx.net,noch was zum an-
melden
super.....
frage: komme ich nur direkt über den link zum artikel?
liegt es meinem cookie?
wenn das so ist werde ich von zeit zu zeit mal paar sachen posten -> wir ihr wisst recht informativ alle artikel
liegt es meinem cookie?
wenn das so ist werde ich von zeit zu zeit mal paar sachen posten -> wir ihr wisst recht informativ alle artikel
hier für der andere:
If your`re FRUSTRATED - READ THIS POST!
« Thread started on: Today at 12:26:32 »
--------------------------------------------------------------------------------
By: honoluludavid
23 Jun 2004, 12:30 PM EDT
Msg. 27449 of 27493
Jump to msg. #
IF YOU`RE FRUSTRATED, READ THIS POST...
i haven`t posted much here (or anywhere) recently, instead choosing to step away from the boards and just pop in from time to time to read up on the events of the day. however, as the days roll past and the PPS continues to drop tick by tick, i sense a heightened level of frustration and/or disappointment building among investors, so i thought i`d chime in and give my two cents` worth to show you why i think there is no need for such disappointment.
first, let`s get this out of the way now - if there are no PRs soon, then we will slide all the way back to .0001/.0002. no doubt. we`re retracing a tick a day, we`ll close at .0004 today, and we`ll hit .0002 by week`s end if there is no PR. expect it. accept it. embrace it. while this is NOT the kind of information most investors want to hear, i think it`s great. why? because it`s a rare (and possibly the last) opportunity to get shares so cheap. unless you are fully in at .0001, having the ask at .0002 would be a blessing, as it would give shareholders a chance to average down or accumulate additional shares at a huge discount. how can this be bad? we all know that this stock will run higher in the long term, so unless you need your cash today, this is nothing but good news. in other words, if you`ve done your DD and you`re appropiately long on this stock, then you should view this stage as a "dip", and buy accordingly. if you don`t, then you`re missing out on a great opportunity.
second, while the MMs are controlling the stock right now, it`s all controlled short covering. this is GOOD. don`t be discouraged by this. if they walk it down and the nervous nellies help them by selling their shares, so be it. this is no reason to fret. if you are truly long on this stock, then such action should not be frustrating in the least. the covering has to occur at some point, and there are clear signs that it is happening. for example, if you can see level 2, NITE is on the bid at .0004, but on the ask at .0006 (while 4 others are at .0005). what this tells me is that they`re willing to buy shares, but are not willing to sell shares. in fact, if you`ve been paying attention, they`ve priced themselves out of the active ask all week. this is GREAT, because it indicates they have stopped naked short selling and are now in the hunt for shares to cover their previous shorts. moreover, and despite some sentiment to the contrary, i think JEFF is on our team. i believe this because he is always the last on the ask at whatever price level we`re at. while some see this as holding the stock price down, i see it as him/her/they helping the other MMs cover their shorts, which is precisely what we want to see happen. while we`re not seeing the infamous "short squeeze" so many are theorizing, what we are seeing is steady accumulation and short covering by the MMs. therefore, although there is no PPS increase today, once the MMs cover their shorts and positive news is released, then the PPS will be in a position to rise that much more quickly with such a small float (or, as some speculate, nonexistent float).
finally, give the PR "watch and wait" a rest. haven`t you ever heard of the expression "a watched pot never boils"? many seem to be getting desperate since we haven`t had a PR (of substance) in 7 days. 7 DAYS!!! that`s nothing, folks!!! for us longs who have been here a while, we went TWO MONTHS without a PR just recently, and there have been much longer droughts before that. 7 days is a drop in the well if you have a long term perspective. and if you don`t have a long term perspective, then you should seriously consider finding another stock on which to speculate. diamond mining is a slow process, so results from such will not appear overnight. having said that, i think urban has a master plan regarding future press releases in terms of the audit, aerial survey, etc. therefore, if you cannot exercise a modicum of patience during this time while he executes his plan, then you need to move on. otherwise, find strength in the law firm PRs. they alone are reason enough to be long and strong on this stock, and again, if you cannot see this, then put your mind at rest by selling your position and seeking a different investment for your hard-earned cash.
before i fade away for another period of time, let me offer a little humble advice, as well as clear up a few rumors that continue to circulate:
1) there is no deadline for the OTCBB, so if anyone thinks today is the deadline for filing, they are wrong. i cannot find the link just now, but when i can, i will post it.
2) ignore any posts that speculate the future PPS of this stock. there are far too many unknown variables at this point to venture an educated guess, so anyone trying to predict future stock prices lacks complete credibility. without a valuation and a known O/S, it simply is not possible. DO NOT buy into any speculation. it will only serve to disappoint you later when it does not come to fruition.
3) anyone claiming they know an estimate of the O/S also lacks credibility. the fact is, NOONE on this board knows the O/S, despite their best efforts to try to calculate it based on the previously identified O/S (ie, that there were 37B O/S at last official count) and what they think has transpired since. until the audit is complete and details are released, this will continue to be a mystery, period. moreover, i would urge you to be prepared for a higher than expected number when it is released. if the O/S is low (eg, around 10B), great! but if it isn`t, don`t be disappointed. it could be high (eg, in the hundreds of billions), so be prepared. and don`t let anyone tell you otherwise. i`ll say it again - NOONE ON THIS BOARD KNOWS THE O/S. NOONE! and if they claim they do, just remember back when others were claiming they "knew" we had discovered a significant diamond find. and yet, when the JV partners released the results of the first half of the core sample results from the carolyn pipe, people were devastated to discover we had only 2 microdiamonds in 12 40-kg samples. ironically, this should have been seen as great news since finding ANY diamonds is significant, but it disappointed the masses because of the rumors circulating that we had already hit the mother lode and were just waiting to release the great news. don`t let the same thing happen to you here with respect to the O/S. same goes for the number of naked short shares that may (or may not) be out there. or anything else, for that matter, that is not substantiated by fact. in short, DON`T BUY INTO ANY HYPE, NO MATTER HOW SEEMINGLY PLAUSIBLE IT IS.
4) stay away from the message boards, other than to check in from time to time to keep abreast of any breaking news. i used to be very active on this board (the previous one, actually, before it was shut down), and have sinced backed away from it and all others. why? because we drive each other nuts from our collective speculating, theorizing, and postulating! einstein once said that the definition of insanity is doing the same thing repeatedly, yet expecting a different result. therefore, if you were here a few weeks back when the wind was taken out of our sails (re: the JV PRs), then you know what i`m talking about. if that news hit you in the gut and took the breath out of you, then walk away from the boards now. i really believe that all of the rumors that circulated around these boards at that time are what caused the disappointment to emerge. and if you`re not careful, the same thing can happen again when no news or unspectacular news is released. in short, stop thinking the end of june, the end of september, the end of whenever. instead, start thinking LONG TERM. as in YEARS. if you do, then you won`t be so disappointed at every turn as we move along this arduous (but potentially rewarding) journey.
i guess this is "enough" for now. as always, these are only my opinions. good luck to you all. and if you can survive this odyssey on which we have all embarked, i`ll see you at the top. =)
If your`re FRUSTRATED - READ THIS POST!
« Thread started on: Today at 12:26:32 »
--------------------------------------------------------------------------------
By: honoluludavid
23 Jun 2004, 12:30 PM EDT
Msg. 27449 of 27493
Jump to msg. #
IF YOU`RE FRUSTRATED, READ THIS POST...
i haven`t posted much here (or anywhere) recently, instead choosing to step away from the boards and just pop in from time to time to read up on the events of the day. however, as the days roll past and the PPS continues to drop tick by tick, i sense a heightened level of frustration and/or disappointment building among investors, so i thought i`d chime in and give my two cents` worth to show you why i think there is no need for such disappointment.
first, let`s get this out of the way now - if there are no PRs soon, then we will slide all the way back to .0001/.0002. no doubt. we`re retracing a tick a day, we`ll close at .0004 today, and we`ll hit .0002 by week`s end if there is no PR. expect it. accept it. embrace it. while this is NOT the kind of information most investors want to hear, i think it`s great. why? because it`s a rare (and possibly the last) opportunity to get shares so cheap. unless you are fully in at .0001, having the ask at .0002 would be a blessing, as it would give shareholders a chance to average down or accumulate additional shares at a huge discount. how can this be bad? we all know that this stock will run higher in the long term, so unless you need your cash today, this is nothing but good news. in other words, if you`ve done your DD and you`re appropiately long on this stock, then you should view this stage as a "dip", and buy accordingly. if you don`t, then you`re missing out on a great opportunity.
second, while the MMs are controlling the stock right now, it`s all controlled short covering. this is GOOD. don`t be discouraged by this. if they walk it down and the nervous nellies help them by selling their shares, so be it. this is no reason to fret. if you are truly long on this stock, then such action should not be frustrating in the least. the covering has to occur at some point, and there are clear signs that it is happening. for example, if you can see level 2, NITE is on the bid at .0004, but on the ask at .0006 (while 4 others are at .0005). what this tells me is that they`re willing to buy shares, but are not willing to sell shares. in fact, if you`ve been paying attention, they`ve priced themselves out of the active ask all week. this is GREAT, because it indicates they have stopped naked short selling and are now in the hunt for shares to cover their previous shorts. moreover, and despite some sentiment to the contrary, i think JEFF is on our team. i believe this because he is always the last on the ask at whatever price level we`re at. while some see this as holding the stock price down, i see it as him/her/they helping the other MMs cover their shorts, which is precisely what we want to see happen. while we`re not seeing the infamous "short squeeze" so many are theorizing, what we are seeing is steady accumulation and short covering by the MMs. therefore, although there is no PPS increase today, once the MMs cover their shorts and positive news is released, then the PPS will be in a position to rise that much more quickly with such a small float (or, as some speculate, nonexistent float).
finally, give the PR "watch and wait" a rest. haven`t you ever heard of the expression "a watched pot never boils"? many seem to be getting desperate since we haven`t had a PR (of substance) in 7 days. 7 DAYS!!! that`s nothing, folks!!! for us longs who have been here a while, we went TWO MONTHS without a PR just recently, and there have been much longer droughts before that. 7 days is a drop in the well if you have a long term perspective. and if you don`t have a long term perspective, then you should seriously consider finding another stock on which to speculate. diamond mining is a slow process, so results from such will not appear overnight. having said that, i think urban has a master plan regarding future press releases in terms of the audit, aerial survey, etc. therefore, if you cannot exercise a modicum of patience during this time while he executes his plan, then you need to move on. otherwise, find strength in the law firm PRs. they alone are reason enough to be long and strong on this stock, and again, if you cannot see this, then put your mind at rest by selling your position and seeking a different investment for your hard-earned cash.
before i fade away for another period of time, let me offer a little humble advice, as well as clear up a few rumors that continue to circulate:
1) there is no deadline for the OTCBB, so if anyone thinks today is the deadline for filing, they are wrong. i cannot find the link just now, but when i can, i will post it.
2) ignore any posts that speculate the future PPS of this stock. there are far too many unknown variables at this point to venture an educated guess, so anyone trying to predict future stock prices lacks complete credibility. without a valuation and a known O/S, it simply is not possible. DO NOT buy into any speculation. it will only serve to disappoint you later when it does not come to fruition.
3) anyone claiming they know an estimate of the O/S also lacks credibility. the fact is, NOONE on this board knows the O/S, despite their best efforts to try to calculate it based on the previously identified O/S (ie, that there were 37B O/S at last official count) and what they think has transpired since. until the audit is complete and details are released, this will continue to be a mystery, period. moreover, i would urge you to be prepared for a higher than expected number when it is released. if the O/S is low (eg, around 10B), great! but if it isn`t, don`t be disappointed. it could be high (eg, in the hundreds of billions), so be prepared. and don`t let anyone tell you otherwise. i`ll say it again - NOONE ON THIS BOARD KNOWS THE O/S. NOONE! and if they claim they do, just remember back when others were claiming they "knew" we had discovered a significant diamond find. and yet, when the JV partners released the results of the first half of the core sample results from the carolyn pipe, people were devastated to discover we had only 2 microdiamonds in 12 40-kg samples. ironically, this should have been seen as great news since finding ANY diamonds is significant, but it disappointed the masses because of the rumors circulating that we had already hit the mother lode and were just waiting to release the great news. don`t let the same thing happen to you here with respect to the O/S. same goes for the number of naked short shares that may (or may not) be out there. or anything else, for that matter, that is not substantiated by fact. in short, DON`T BUY INTO ANY HYPE, NO MATTER HOW SEEMINGLY PLAUSIBLE IT IS.
4) stay away from the message boards, other than to check in from time to time to keep abreast of any breaking news. i used to be very active on this board (the previous one, actually, before it was shut down), and have sinced backed away from it and all others. why? because we drive each other nuts from our collective speculating, theorizing, and postulating! einstein once said that the definition of insanity is doing the same thing repeatedly, yet expecting a different result. therefore, if you were here a few weeks back when the wind was taken out of our sails (re: the JV PRs), then you know what i`m talking about. if that news hit you in the gut and took the breath out of you, then walk away from the boards now. i really believe that all of the rumors that circulated around these boards at that time are what caused the disappointment to emerge. and if you`re not careful, the same thing can happen again when no news or unspectacular news is released. in short, stop thinking the end of june, the end of september, the end of whenever. instead, start thinking LONG TERM. as in YEARS. if you do, then you won`t be so disappointed at every turn as we move along this arduous (but potentially rewarding) journey.
i guess this is "enough" for now. as always, these are only my opinions. good luck to you all. and if you can survive this odyssey on which we have all embarked, i`ll see you at the top. =)
Trading Spotlight
also hier DR. D
Don`t be fooled by high volume and a crazy PPS!
« Thread started on: Today at 11:43:20 »
--------------------------------------------------------------------------------
In my opinion anyone would be foolish to sell CMKX out of fear or disbelief! If someone has financial problems and needs the money, that is different, we can all understand that!
Some dart and sell afraid of an impending doom, like Henny Penny thinking the sky is falling. We should know our current situation better than this! I am amazed by so many having concerns with CMKX at this point in the game!
Some seem to be struggling with the idea that a daily high volume and a fluctuating PPS is a major concern and that we have too many O/S in the market place! Well this is true yet not necessarily true!
Don`t be fooled by what you see in this huge volume of trading and slightly staggering PPS that is going on! Many of these trades are MM`s passing shares back and forth! Also the volume counts the naked shorted shares that are being passed around electronically!
A high volume of daily trading does not necessarily mean a high O/S (outstanding share) count and neither does a wavering PPS dictate CMKX value, investor confidence, or long/short term potential!
The delusion can be very convincing when one sees billions of shares traded per day, day after day! Or a PPS that seems to be stalled or apparently falling. Yet, when an account is taken of the actual events taking place, then the perspective begins to be adjusted! Just because the MM`s haven`t covered all of the shorted shares don’t mean people aren`t trading them! This counterfeited share overload in the market causes both high volume and a staggering PPS!
The market VOLUME will be affected by these shorted shares which all agree are in the billions if not hundreds of billions and has been continually affecting the PPS, but after the audit and the confirmation of the O/S we will see the PPS will reflect a whole different picture!
Also a shorted share is not to be counted as being an addition to the O/S, but rather inclusive in it! The volume will go down as the naked short shares are covered and no longer in circulation! This means that every naked share, billions of them, will eventually be covered by an authorized share purchased an accredited to the individuals account!
When this happens we will get a true picture of the VOLUME and the PPS regulated by the true value of the company instead of dramatically manipulated by the MM`s!
Until the naked short shares are covered with authorized shares from the official outstanding share count, you will continue to have astronomical volume and a jittering PPS, but don`t be deceived into thinking that the volume is indicative of the actual O/S count or the jittering PPS is sign of investor confidence or Company value and strength! It simply isn`t!
I hope this helps shed some light on this difficult volume and PPS concerns that most of us have had at one point or another!
Too, if we are going to build an assumption lets try and build it on what we know to be fact and never start forming an assumption from someone elses speculation!
But, we need to begin on a firm foundation which has to come from the company!
Feb 21st, 2004 is the last definite O/S declaration from the company we have! It was 37 Billion shares!
http://www.canadianminingnews.com/dailyreckoning.htm
Urban had already made a determination to start retiring shares from the O/S which he had been doing for sometime and had retired up to 20 billion at one point in Nov and another 16.5 in Dec!
Nov/03 - CMKM announces over twenty billion shares have been retired back to treasury to date.
Dec/03 - CMKM announces 16.5 billion shares officially retired to treasury.
In Feb 2004 they make the announcement that investors from the US are kicking in millions for CMKX!
Feb/04 - CMKM announces the company has obtained funding for US $1.8 million with a further pledge for US 3.2 million.
In Feb 21, 2004, I listed above, the statement declares 37 billion outstanding shares with investment capital coming in!
Pattern shows retirement of billions of shares down to 37 Billion in Feb 21, 2004 and that with Investors kicking in millions the pattern should be to continue retiring shares and not do a 180 and all of the sudden say lets release another 20 Billion or 300 billion shares back into the market! This would have to be considered stupid thinking! I personally see NO WAY our O/S is above 37 billion!
Sterling and others stated that Urban was still retiring shares of CMKX from the O/S! That is believable because it follows the pattern of his previous actions!
I didn`t intend to take this long, but I believe you get the idea of why I believe 500 Billion shares O/S or 80 Billion shares O/S is ridiculous! When the naked short situation is cleared up so will our PPS fluctuation be cleared up!
I sometimes get a picture in my head of the movie "Animal House" when the parade was going on at the end of the movie and everyone was scrambling and one guy running around saying, "ALL IS WELL"! Maybe it is Melvin and Sterlings use of the term that causes that, I am not sure! I think it is hilarious!
ALL IS WELL!
Keep the faith!
Just my opinion and I ask that you treat it as such!
Dr.D
Don`t be fooled by high volume and a crazy PPS!
« Thread started on: Today at 11:43:20 »
--------------------------------------------------------------------------------
In my opinion anyone would be foolish to sell CMKX out of fear or disbelief! If someone has financial problems and needs the money, that is different, we can all understand that!
Some dart and sell afraid of an impending doom, like Henny Penny thinking the sky is falling. We should know our current situation better than this! I am amazed by so many having concerns with CMKX at this point in the game!
Some seem to be struggling with the idea that a daily high volume and a fluctuating PPS is a major concern and that we have too many O/S in the market place! Well this is true yet not necessarily true!
Don`t be fooled by what you see in this huge volume of trading and slightly staggering PPS that is going on! Many of these trades are MM`s passing shares back and forth! Also the volume counts the naked shorted shares that are being passed around electronically!
A high volume of daily trading does not necessarily mean a high O/S (outstanding share) count and neither does a wavering PPS dictate CMKX value, investor confidence, or long/short term potential!
The delusion can be very convincing when one sees billions of shares traded per day, day after day! Or a PPS that seems to be stalled or apparently falling. Yet, when an account is taken of the actual events taking place, then the perspective begins to be adjusted! Just because the MM`s haven`t covered all of the shorted shares don’t mean people aren`t trading them! This counterfeited share overload in the market causes both high volume and a staggering PPS!
The market VOLUME will be affected by these shorted shares which all agree are in the billions if not hundreds of billions and has been continually affecting the PPS, but after the audit and the confirmation of the O/S we will see the PPS will reflect a whole different picture!
Also a shorted share is not to be counted as being an addition to the O/S, but rather inclusive in it! The volume will go down as the naked short shares are covered and no longer in circulation! This means that every naked share, billions of them, will eventually be covered by an authorized share purchased an accredited to the individuals account!
When this happens we will get a true picture of the VOLUME and the PPS regulated by the true value of the company instead of dramatically manipulated by the MM`s!
Until the naked short shares are covered with authorized shares from the official outstanding share count, you will continue to have astronomical volume and a jittering PPS, but don`t be deceived into thinking that the volume is indicative of the actual O/S count or the jittering PPS is sign of investor confidence or Company value and strength! It simply isn`t!
I hope this helps shed some light on this difficult volume and PPS concerns that most of us have had at one point or another!
Too, if we are going to build an assumption lets try and build it on what we know to be fact and never start forming an assumption from someone elses speculation!
But, we need to begin on a firm foundation which has to come from the company!
Feb 21st, 2004 is the last definite O/S declaration from the company we have! It was 37 Billion shares!
http://www.canadianminingnews.com/dailyreckoning.htm
Urban had already made a determination to start retiring shares from the O/S which he had been doing for sometime and had retired up to 20 billion at one point in Nov and another 16.5 in Dec!
Nov/03 - CMKM announces over twenty billion shares have been retired back to treasury to date.
Dec/03 - CMKM announces 16.5 billion shares officially retired to treasury.
In Feb 2004 they make the announcement that investors from the US are kicking in millions for CMKX!
Feb/04 - CMKM announces the company has obtained funding for US $1.8 million with a further pledge for US 3.2 million.
In Feb 21, 2004, I listed above, the statement declares 37 billion outstanding shares with investment capital coming in!
Pattern shows retirement of billions of shares down to 37 Billion in Feb 21, 2004 and that with Investors kicking in millions the pattern should be to continue retiring shares and not do a 180 and all of the sudden say lets release another 20 Billion or 300 billion shares back into the market! This would have to be considered stupid thinking! I personally see NO WAY our O/S is above 37 billion!
Sterling and others stated that Urban was still retiring shares of CMKX from the O/S! That is believable because it follows the pattern of his previous actions!
I didn`t intend to take this long, but I believe you get the idea of why I believe 500 Billion shares O/S or 80 Billion shares O/S is ridiculous! When the naked short situation is cleared up so will our PPS fluctuation be cleared up!
I sometimes get a picture in my head of the movie "Animal House" when the parade was going on at the end of the movie and everyone was scrambling and one guy running around saying, "ALL IS WELL"! Maybe it is Melvin and Sterlings use of the term that causes that, I am not sure! I think it is hilarious!
ALL IS WELL!
Keep the faith!
Just my opinion and I ask that you treat it as such!
Dr.D
paul,
kannst das mal hier reinstellen ?, nicht jeder mag sich anmelden...
danke
urseline
kannst das mal hier reinstellen ?, nicht jeder mag sich anmelden...
danke
urseline
so und weiter geht´s
für die die ein wenig frustriert sind:
http://cmkxdiamonds.proboards28.com/index.cgi?board=rumors&a…
für die die ein wenig frustriert sind:
http://cmkxdiamonds.proboards28.com/index.cgi?board=rumors&a…
@ oski
natürlich brauchen wir news,aber die werden schon kommen!!
vorher halt noch mal günstig einsteigen,wenn noch kohle da
ist.
super.....
natürlich brauchen wir news,aber die werden schon kommen!!
vorher halt noch mal günstig einsteigen,wenn noch kohle da
ist.
super.....
da mache ich mal den anfang: Dr.D hat mal wieder was sehr beruhigendes für die seele geschrieben:
http://cmkxdiamonds.proboards28.com/index.cgi?board=rumors&a…
http://cmkxdiamonds.proboards28.com/index.cgi?board=rumors&a…
Durchsuchen
