Cartel Blue Inc (CRTL): Mirror trades are great, means MMs are d...

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Re: vantillian post# 12873

Wednesday, 12/12/2007 12:38:41 PM

Wednesday, December 12, 2007 12:38:41 PM

Mirror trades are great, means MMs are doing their job matching retail trades, i.e., MMs will buy shares from one holder @ example .0091 and sell those same shares to another holder @ example .0095, and the MMs pocket the .0004 difference, which represents their fee for handling the transaction. To boil it down, mirror trades confirm that: (1) MMs are relatively short on inventory, because they need to buy on the open market shares in order to fulfill buy orders; (2) no new shares are being dumped to replenish the MMs inventory through CDs or Company dilution (i.e., if the Company were diluting or introducing new shares, the MMs would simply have a new supply of shares to work with. When such is not the case, MMs must get their inventory on the market just like a wholesaler would do).

So..., mirror trades in SHCM confirm to me that the float is really tightening up as it is being bought my stronger hands (dare I even say, investors) as opposed to being bought by daytraders/flippers and further confirms that the Company is not diluting. In other words, SHCM being accumulated by strong hands eating away at the float making the "effective" O/S all the smaller. Being wound tight for a moon shot. ALL IMO

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