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Post by nandi on Oct 3, 2005 18:09:26 GMT -6
I remember, a while back on 32, someone posting the theory, after the ticker price of CMKX jumped to .0008, that this activity was a "test" by the MM's, et al. to get a "bird's eye view" of which brokers were holding just how many GTC account positions and for how many shares total for CMKX and at what prices.
It had the earmarks of a good idea then and I was wondering if, perhaps, we saw the same thing again today.
After all, when all the .10 GTC orders were sold and then quickly canceled the same day (hour?), it also tiggered (I assume) every GTC between .0001 and .10.
Nice picture, if it really happened that way.
Your thoughts please.
n
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Post by mineralsrus on Oct 3, 2005 18:11:52 GMT -6
I remember, a while back on 32, someone posting the theory, after the ticker price of CMKX jumped to .0008, that this activity was a "test" by the MM's, et al. to get a "bird's eye view" of which brokers were holding just how many GTC account positions and for how many shares total for CMKX and at what prices. It had the earmarks of a good idea then and I was wondering if, perhaps, we saw the same thing again today. After all, when all the .10 GTC orders were sold and then quickly canceled the same day (hour?), it also tiggered (I assume) every GTC between .0001 and .10. Nice picture, if it really happened that way. Your thoughts please. n Sure would be a quick way to roll up all the numbers. I like this idea. a benchmark of sorts?  |
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Post by Deleted on Oct 3, 2005 18:12:38 GMT -6
I don't know what happened at the broker end, but I got a Yahoo notification that it had hit one of my targets. I'm not planning on selling that low, but I did have the Yahoo notice in there so I could tell if something was going on in case I was on a job site and not paying much attention to the ticker, at least I could get email notification that something was up.
And I did.
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Post by nandi on Oct 3, 2005 18:47:57 GMT -6
I remember, a while back on 32, someone posting the theory, after the ticker price of CMKX jumped to .0008, that this activity was a "test" by the MM's, et al. to get a "bird's eye view" of which brokers were holding just how many GTC account positions and for how many shares total for CMKX and at what prices. It had the earmarks of a good idea then and I was wondering if, perhaps, we saw the same thing again today. After all, when all the .10 GTC orders were sold and then quickly canceled the same day (hour?), it also tiggered (I assume) every GTC between .0001 and .10. Nice picture, if it really happened that way. Your thoughts please. n Sure would be a quick way to roll up all the numbers. I like this idea. a benchmark of sorts?  . A snapshot, if you will. Give them an idea of how much it might cost them - at what price - to settle/cover/etc. If they have a formula to extrapolate from the GTC, they might indeed have been able to piece together a picture of sorts. Thanks minerals, n |
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Post by john3339 on Oct 4, 2005 3:50:08 GMT -6
In addition to triggering all the Market Limit orders at $.10 and below, it also showed a posible scheme for the Ms to cover free of charge. The reversal was for 100 times the original buy. They reversed 100,000,000 shares, when the original buy was for just 1,000,000. Answer me this: how can you reverse trades that NEVER took place? Easy! When the shares never existed! They cancelled 99,000,000 fake shares with that reversal. This HAS to be checked into by the SEC! How can the MMs cancel trades that never took place? Are they going to be permitted to cover the NSS position for free? This maneuver would side-step any short squeeze, even a conrolled squeeze. Once again, the shareholder loses out on the opportunity. Check the link for the 2 $.10 transactions: www.quote.com/qc/livecharts/default.aspx?symbols=OTCF%3ACMKX&origsymbols=cmkx The first was for 1,000,000. The reversal, just after closing bell was for 100,000,00. those were the only two $.10 trade for the day. A slick way to cover, without paying a dime for any of it. Comments? john |
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Post by mineralsrus on Oct 4, 2005 5:23:21 GMT -6
In addition to triggering all the Market Limit orders at $.10 and below, it also showed a posible scheme for the Ms to cover free of charge. The reversal was for 100 times the original buy. They reversed 100,000,000 shares, when the original buy was for just 1,000,000. Answer me this: how can you reverse trades that NEVER took place? Easy! When the shares never existed! They cancelled 99,000,000 fake shares with that reversal. This HAS to be checked into by the SEC! How can the MMs cancel trades that never took place? Are they going to be permitted to cover the NSS position for free? This maneuver would side-step any short squeeze, even a conrolled squeeze. Once again, the shareholder loses out on the opportunity. Check the link for the 2 $.10 transactions: www.quote.com/qc/livecharts/default.aspx?symbols=OTCF%3ACMKX&origsymbols=cmkx The first was for 1,000,000. The reversal, just after closing bell was for 100,000,00. those were the only two $.10 trade for the day. A slick way to cover, without paying a dime for any of it. Comments? john Your right John! How in the hell could that happen? this definately needs an explanation by the market regulators. If I was off today I would call the SEC myself. which MM / Broker pulled this off? |
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Post by wodan11 on Oct 4, 2005 5:42:07 GMT -6
nice thinking guys keep it up  and soon kab :'(m |
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Post by wodan11 on Oct 4, 2005 5:43:06 GMT -6
nice thinking guys keep it up and soon kab :'(m and gils sorry lol ;D |
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Post by shoelessjoe on Oct 4, 2005 6:16:58 GMT -6
.10 PER SHARE WOULD make me a millionaire after tythes,offerings,taxes,fees and all debts paid.
would make me an end game winner.
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Post by cmkxmoney on Oct 4, 2005 8:06:17 GMT -6
John, I agree with you. While I am glad to see some indicators of what may be going on it does seem illegal. However, it may be part of some bigger agreement that has been made and legal action might interfere. Therefore the SEC is allowing it. I really am not sure. It is amazing what is allowed to take place in the market place.
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Post by kickintiginmt on Oct 4, 2005 8:08:00 GMT -6
One thing to say WOOOOHOOOO
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Post by diamondgolf on Oct 4, 2005 8:15:45 GMT -6
In addition to triggering all the Market Limit orders at $.10 and below, it also showed a posible scheme for the Ms to cover free of charge. The reversal was for 100 times the original buy. They reversed 100,000,000 shares, when the original buy was for just 1,000,000. Answer me this: how can you reverse trades that NEVER took place? Easy! When the shares never existed! They cancelled 99,000,000 fake shares with that reversal. This HAS to be checked into by the SEC! How can the MMs cancel trades that never took place? Are they going to be permitted to cover the NSS position for free? This maneuver would side-step any short squeeze, even a conrolled squeeze. Once again, the shareholder loses out on the opportunity. Check the link for the 2 $.10 transactions: www.quote.com/qc/livecharts/default.aspx?symbols=OTCF%3ACMKX&origsymbols=cmkx The first was for 1,000,000. The reversal, just after closing bell was for 100,000,00. those were the only two $.10 trade for the day. A slick way to cover, without paying a dime for any of it. Comments? john Couple this with the rumor that E-Trade was the holdout for settlement....and that Portrush got an automated message that his GTC orders for $.05 and $.10 were triggered yesterday (from Etrade, and Etrade was the only broker anyone heard something like this from?).....and here's what I see: ETrade ticked their system (somehow) up to $.10 for a millisecond to see how many shares this triggered GTC orders for, to see what their immediate liability would be. Then, they had to reverse them quick before they executed....based on the 100M reversal, that about how many they triggered? Test complete. Thoughts? - golf |
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. A snapshot, if you will. Give them an idea of how much it might cost them - at what price - to settle/cover/etc. If they have a formula to extrapolate from the GTC, they might indeed have been able to piece together a picture of sorts.
