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YW ski, that last MM act was tough to beat.
They stalled trading to the point there was 1 to 2 minute breaks between trades to try to install a panic sell. It worked.
It went from no trades being put through for 2 minutes at a time to suddenly a trade every second for about 20 minutes as they induced the b/a to force a panic small panic sell.
I exited on the way down and will do like yesterday and look for spots to get in before close.
GTG, Bo
It's rumbling and ready boom again.
Tim, thks. Timed it right is all. With the low O/S and such high demand for Elvis, if anything the MM's have actually done an excellent job during this rise. In fact because of the ever shrinking float, they either have no position in this or a position that is -long- right along with us. IMO
Bo
Guys it's happening. Moving my target to $15.
People are holding shares and it doesn't look like their selling. The float is literally shrinking at every trade.
Any rest is to build up a pool of shares again. As it is passing, the percentage drops are less and less during this period where MM's have to regroup for the next cycle.
Bo
Hey ski, I'll peek at it next week. I glanced now
and if you're in it prior to open today, you're having a good day. Seems like a level chart with news today that financial statements will be released next week. I may wait to see what the 10K's and Q's or any projections say and ride the wave if it's good. From the chart it seems that if you are in it, it's a good hold. : )
Bo
Prospector, what's happening is more and more
people worldwide are getting in as time is ticking on. As a result more people are seeing that simply holding shares is the key to smooth the bumps as the rise continues. As a result, each bump we have seen is less and less dramatic. The base forms as the Market Makers and the market have fewer and fewer shares at each trading cycle (occurring every 20-30 minutes). MM's are doing an excellent job in trade management.
In a nut, people love Elvis and are buying and holding. The float is low to begin with and shares are drying up. People are seeing this strength and more and more are holding as time goes on. : )
In my opinion of course, but it is looking like the best catch-22 I've seen in quite sometime.
Bo
prospector, it's a play that anything is possible.
My target for is for $11 today. The low float makes this very attractive to hold for Monday's gap up however.
Bo
Joy.. TY : ) Still with it and enjoying the ride.
I've traded the bumps today for the better. Went out first at 8.09. In again at 7.66 and watched it fall to 7.05 but knew it would regroup (love the low float) and smiling now.
I traded out of MCEL even money, but with a loss of my trading fees.
The gap up was so strong I thought momentum might carry it with news.
I haven't scoped much today because SPEA is so hot.
Be well sweet Joy.
Bo
SPEA is a winner guys. The share structure and low float will make this in play. Thanks woodrots.
MLON may have room, but watch it. The recent past showed the same strong pre-market and open. I'm not saying it won't continue up, but last week it showed the same strength and didn't carry the MO through the trading day. One to watch close or hold hoping for even bigger things. : )
Bo
MCEL - Millennium Cell Awarded GSA Federal Supply Schedule Contract
LOW O/S and still under $1.40
SPEA is still my main play today and should fly. This has good 15% - 20% potential.
12/17/2004 8:38:00 AM
EATONTOWN, N.J., Dec 17, 2004 (BUSINESS WIRE) -- Millennium Cell Inc. ( MCEL ), a leading technology development company that offers a proprietary process to safely store, generate and deliver pure hydrogen, announced today it has received a U.S. General Services Administration ("GSA") Federal Supply Schedule contract. This contract gives U.S. Federal agencies, including the Department of Defense, as well as state and local government agencies the ability to purchase Millennium Cell's products and related services in a streamlined manner at negotiated rates. Millennium Cell's GSA contract number is GS-23F-0058R.
Under the GSA Schedule Program, long-term government-wide contracts with commercial firms are established to provide access to over 4 million commercial services and products that can be ordered directly from GSA Schedule contractors or through the GSA Advantage!(R) online shopping and ordering system. The increased visibility and ease of ordering provided by this contract is an important element of Millennium Cell's long-term strategy to further the use of its Hydrogen on Demand(R) energy solutions by government and military customers.
H. David Ramm, Millennium Cell Interim President and CEO, commented, "We are very pleased to receive this contract which will enable us to offer government customers a streamlined and efficient way to purchase our products and related services. This contract provides us with access to thousands of buyers at all levels in government agencies and substantially increases our ability to market our solutions to these buyers."
About Millennium Cell
Millennium Cell Inc. is engaged in the development of a next generation energy source for use primarily in consumer electronics, portable power devices and standby power systems as well as in selected transportation applications. The Company's innovative and proprietary Hydrogen on Demand(R) systems safely generate high-quality hydrogen through the use of sodium borohydride. This chemical compound is non-combustible, high in energy density, easily distributed, and convenient for consumer use. Millennium Cell is developing technology in partnership with corporate and government entities. For more information, visit www.millenniumcell.com
GM all, SPEA is Netscapes headline, CNBC this morning.
Guys, look at it from a bottom line book value to PPS ratio.
Lets take 2 market darlings and compare it to SPEA, which in my opinion will be equal or greater than these in terms of a investor favorite, thus a market darling.
TASR's net income for the last 4 quarters totaled only 16.97 million dollars. If you hear or read anything about TASR (INCLUDING THEIR PR's) it is clear these guns pose a great saftey hazard. They have been possibly responsible for dozens of deaths already. In their pr they state how much of a saftey hazard for kids these are. Lawsuits are a likley consequence for the forseeable future.
TASR's O/S: 58 Million Shares
Yesterday's Close: $27.31
Sirius Radio's financials worsen everytime I look at them. They just reported the quarter ending September 30, 2004. For the last 4 reported quarters SIRI's GROSS INCOME WAS ONLY 41.64 Million Dollars. The company's debt structure deepens as their bottom line sucks. Over the last 4 quarters they have LOST (598.07 Million Dollars)! The trend also does not look good financially. When you look at the Q3 vs Q4 numbers, the GROSS INCOME only increased by 5.9 million dollars (13.23 Q3 vs 19.12 Q4), BUT their NET LOSS went from ($136 Million) in Q3 to ($169 Million) in Q4!! Their gross income only rose a modest $5.8 Million during the last quarter, while their loss totalled $169 Million, and rising $33 Million during the last quarter.
SIRI's O/S: 1.26 BILLION Shares
Yesterday's Close: $7.18
SPEA's deal buys the majority interest EPE, which is an on-going concern on target to once again EARNING $50 million or more this year. As exposure of EP continues to increase world-wide, continued and growing earnings are a lock. If investors world-wide want to own stock in Elvis, they will be buying SPEA.
SPEA's current O/S: ~4.5 Million shares!
It is not confirmed how many shares are needed to close the deal. The deal said the shares given to Lisa Marie and the Presley Estate will need to be value of around $20 million dollars. Here's the quote:
"The agreement will pay her $53 million in cash and absolve her of $25 million in debts owed by the estate. She also is to get shares in the new company expected to be worth more than $20 million." Link to the entire story: http://cnn.netscape.cnn.com/ns/news/story.jsp?idq=/ff/story/0001%2F20041216%2F2134821634.htm&sc=....
Even with these shares (estimated 34 million), the O/S and certainly the float will be well less than even TASR (58 million O/S), which has less earnings, exposed to litigation with it's potentially dangerous guns, and yet closed at $27.31 yesterday!
This stock is very much in play for those that get in today.
Be well,
Bo
Mach amen. A .0016 close is sweet and
the bottom line is MLON has shown nice gains during the last 1 1/2 weeks, and a 60% rise today. Like you, it's a small chunk in MLON, but now on the plus side with them.
The morning should be fun. Ditto your post Prospector. : )
Mach, your TRBY closed at .059 by the way. (.057/.060).
$1k in at .045 2 days ago when you called it would be $311 profit at .059.
$1k in at .05 2 days ago would be $180 profit.
Tomorrow will be my 17th anniversary of my 25th birthday..:), so my music taste varies. From Bach to Toni Braxton to Creed, Disturbed, 7 Dust and Chevelle. (No country or opera...makes me cramp and bind up).
But right now I have this craving to go buy an Elvis cd and crank it.
Til Tomorrow all, (last of my 18 posts)
Bo
PS tavy....I saw your link. Oustanding
lmao Joy..TY. I'm locked in to see this eod
and gap tomorrow.
Know any good stroke or seizure medicine? : )
Bo
prospector, gap up should be strong. Any cnbc or
network news mention, then anything goes with this low o/s rocket. I'm in at 4.39 average.
Only 2 posts left for the day here so if I don't respond, that is why.
Bo
prospector, right on & It's going again!
It's a multiple orgasm that won't stop..lol
Diamond, the #1 key is timing. There are so many
I missed this week, this month and even today. For each and everyone of us that is and will continue to be the case.
I loved BCON in the past and didn't have any money in them this week.
I've had my eye on AAC this week and didn't see the EBAY news at noon until 12:45, so the major run already happened.
NCDP was put out by Green Baron a few days back and missed this money that could have been made there.
In all three of these examples, hot news moved their stock prices. I look for that. SPEA fit this trait, plus a low o/s and this is the first and only chance to own Elvis as a public company:
"The new partnership includes all trademark rights to the name, likeness and image of Elvis Presley and all EPE-owned intellectual property, including its collection of photographs, archival documents and footage, and EPE's successful music publishing catalog, as well as the Graceland visitor center complex and Heartbreak Hotel across the street from the mansion and all other EPE real estate investments."
Unlike WNMI who had an awesome run with the Paris Hilton news then nothing else was heard, this is the real deal at SPEA.
As for next year, 10-20% can be had if everyone is patient with their trades, times it right and banks half their profit while adding the other half to their original stake. There may be times when some have plays that do well and I miss out on or it just doesn't fit my comfort level.
For each of us, patience and staying within your own comfort level is the key, even if it means only making 1 trade a week or not trading all while plays go by. But by all means when you feel it, get in as early as you can. The majority of the ones I botched in the past were plays that I simply got in too late.
In a nut, be disciplined but strike fast when you know the iron is going to get hot.
Bo
Prospector... : )
Added at 3.90. unreal
Elvis has taken a bulldozer to the building!
woods...excellent find, thank you.
prospector and all, Remember entry is the key in any stock. You can read the news woods just posted and make your own decision. The low o/s was the key to what we saw this morning.
Again read the news woods posted carefully.
2.70/2.75 is holding for now. The dynamic here is changed with this news but it is still holding nicely. So likely the maket was aware o/s part of the news woods posted even early this morning.
I'm now just an observer on this, and hope it flys like the wind for all who still have it.
2005 is going to be our year guys. The QBID's, WNMI's and SPEA's don't come along often, but they will pop up. We have a great blend of minds here. There is a daytrader's energy mixed with investor and market knowledge. I know we can sniff out 1 to 2 solid 10% - 20% movers per week. That may not sound like a lot, but it is. $2000 turns into $2200-$2400. Bank half and add half to your base and move on to other solid plays.
The key is posting those plays so others can dig a bit and make their own mind on what they want to do. The work schedule varies here so I'll be on when I can (it's been slow now). It's ok to stay long in CMKX and SSWH, but I know we together we can sniff other good plays out... the 10%-20%' movers.
Look at Mach's call on TRBY. If I was liquid 2 days ago, I could have gotten in at .048-.05. Today I can sell TRBY at .058 to .06. I don't know about you, but I'll take 20-25% over 2 days anytime. Good call Mach and wtg for those that got in Tuesday or early yesterday.
Onward and go SPEA
Bo
OK pros... bought 100 shares @ 2.75 just to ride it
with ya (and to be ready for lunch - eod and gap).
A small chunk of the bank from this morning, but you're right, Elvis sells.
Let's see what this puppy can do.
Pros, a low O/S is on your side.
Nice entry, it was moving so fast. Be sure to get yourself a profit, you earned it buddy. : )
I may buy 100 shares at days end just to see how this gaps tomorrow. Could be a very interesting eod today and open tomorrow.
Bo
Thx guys...
I got out at 3.10, but please don't let that sway anyone.
There may be more room on this and it may gap incredibly tomorrow morning.
Been a little tight moneywise, and this just makes Christmas sweeter a nice chunk left over to look for other plays.
I still like MRKL lol They had awesome news out both Monday and today. The SPEA play was just one of those QBID, WNMI feelings I get plus I see it at the right entry.
We all have good eyes on plays...the early catch and entry is the key.
Thanks Billy. Lunchtime run possible, but
be careful entering at these levels. We're not seeing a pullback, but it is now bouncing b/w 2.25 and 2.35.
From 11:15 to 12:45 anything is possible, but again be careful at these levels. : )
Entry @ 1.35 (My buy price was 1.40 TY A-trade : ). I had the buy order in and was still pending as I typed the first post hoping those levels would be there for all of us. It must have filled and shot up as I typed to 1.60 because I edited to put in the 1.60 price in my post.
2.35/2.45 wow
YW pros....this was a "I had a feeling' play
LOW O/S + Elvis = Get the hell on the train now
2.00/2.10
SPEA 1.70/1.95!
SPEA now! SPEA teams up with Elvis Presley Enterprises
O/S listed at 4.2 million
AT 1.60 and flying
_________________________________________________________________
Robert F.X. Sillerman and Elvis Presley Enterprises Announce Partnership
12/16/2004 8:41:00 AM
MEMPHIS, Tenn., Dec 16, 2004 (BUSINESS WIRE) -- Robert F.X. Sillerman and his new media and entertainment company, which will be named CKX, Inc., have entered into a definitive agreement to acquire a majority interest in the assets comprising the estate of Elvis Presley.
The new partnership will conduct all business activities concerning EPE, Graceland and tour operations; however, the transaction was structured so that the title to Graceland and its 13.6-acre grounds in Memphis, TN, and most of Elvis's personal effects remain with Lisa Marie Presley.
The new partnership includes all trademark rights to the name, likeness and image of Elvis Presley and all EPE-owned intellectual property, including its collection of photographs, archival documents and footage, and EPE's successful music publishing catalog, as well as the Graceland visitor center complex and Heartbreak Hotel across the street from the mansion and all other EPE real estate investments.
In a related transaction, Mr. Sillerman announced that he expects, through an affiliated entity, to acquire approximately 94 percent of the common equity of Sports Entertainment Enterprises, Inc. ( SPEA ), an inactive publicly traded company, through which the business of CKX will be conducted. Please see Mr. Sillerman's and SPEA's releases for further information on this transaction.
"For the past few years I've been looking for someone to join forces with to expand the many facets of EPE, to take it to new levels internationally, and to make it an even greater force in the entertainment industry," said Lisa Marie Presley, singer/songwriter and sole heir to the Elvis Presley Estate. "I feel confident that Bob Sillerman and his team are the right people to do this with. My greatest responsibility to my father is to preserve and protect his legacy, and this is an exciting new structure that opens up an incredible array of opportunities with a major infusion of new investment capital to do just that," continued Presley. "It's the ideal partnership in that I retain Graceland and my father's personal effects, yet joining forces with Bob Sillerman will give us the opportunity to grow even further the intellectual and entertainment properties."
Commenting on the transaction, Mr. Sillerman said, "I am extremely excited about our new venture, which we believe will bring unique concepts to different aspects of the utilization of entertainment content and will challenge the current models of distribution and consumption of content. I am fully committed to the success of CKX and there is no better way to launch our new company than by assuming the opportunity and responsibility, together with the Presley family and the current management of Elvis Presley Enterprises, of continuing and expanding the heritage of Elvis Presley. I believe Elvis to be the single most significant icon in American pop culture."
No staffing or personnel changes are anticipated within the EPE organization. Priscilla Presley remains as an executive consultant, Jack Soden remains as CEO and Gary Hovey remains Executive Vice President and head of the Los Angeles office. All of EPE's management team and staff will remain in place and Graceland tour operations will continue with business as usual.
EPE was created in 1980 by Priscilla Presley on behalf of the Elvis Presley estate. Its business extends far beyond the Graceland operation. It includes worldwide licensing of Elvis-related products and ventures, the development of Elvis-related music, film, video, television and stage productions, the ongoing development of EPE's Internet presence, the management of significant music publishing assets, the Heartbreak Hotel in Memphis and more.
Mr. Sillerman was the founder, a major shareholder and served as Executive Chairman of SFX Entertainment from its inception in 1997 until its sale to Clear Channel Communications in August 2000. SFX Entertainment was the largest presenter, promoter and producer of live events in the world. Prior to that, Mr. Sillerman was a founder, major shareholder and served as Executive Chairman of SFX Broadcasting, a major owner and operator of radio stations, from its inception in 1992 through its sale in 1998 to an affiliate of buyout firm Hicks, Muse, Tate & Furst.
For additional information on Elvis, Graceland and Elvis Presley Enterprises, visit Elvis.com.
SOURCE: Elvis Presley Enterprises
Elvis Presley Enterprises
David Beckwith, 323-845-9836
or
The Sillerman Companies
RFX Acquisition LLC
Sean Cassidy, 212-981-5233
Ed Tagliaferri, 212-981-5182
Robert Zimmerman, 212-981-5118
MLON @ .0012
I like MRKL today. Last .81
Meaty news.
Yeah for those that got in TRBY on Tues. Good call Mach. Certainly news would make that one even sweeter. : )
WTH is the story with VQPI? Please clue me in..lol up another .17 at the gap.
Bo
Nite Miss Joy. I gtg too. Later all.
Bo : )
VQPI @.57. Unreal last 5 trading days on no news.
The chart for the last 5 days will tell all and leave you scratching your head. What am I missing here?
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=vqpi&sid=0&o_symb=vqpi&x...
TRBY @ .06 and nice gap up potential.
ICOR, up .42 to .79. The 12-1 news didn't move
the stock at all, yet today it is the darling of the >.10 plays.
Anyone know anything? Is this more than a MO play?
No call on it, just an 'FYI' and 'WTH?'
Bo
ski..LOL. Not here and I know not with you
either. Bashers are pretty obvious to spot and have motives.
What the hell would be the point of spending all of your time bashing a pinksheet stock unless you are aligned with MM's who are the only ones allowed to short pinksheet stocks? We as individual investors cannot.
So yes, they are out there and are easy to spot.
Mine is more of an attitude like, "hey guys, I've been loyal like sooo many others to the words you have said in pr's, on-line, on the phone and in person, and I can only let you and the company get away with just so much sh**. There comes a point where I have to say WTH?"
It may turn around (I hope) or it may deteriorate to the point that many will have seen enough and contemplate a C/A.
ski my friend, there are so many good plays out there right now. TIMING is everything on how money is made. I'm just going to see if I can call the right stock at the right market timing so maybe we can all do a few things right in 2005. Mach makes very good calls and bring brings some to light worthy to at least keep and eye on. Makememoney seems to have a quick eye on things. As for Joye, I can tell we're just seeing the tip of the iceberg from her. : )
However, lighting a fire under the managment and pps of CMKX would certainly make the pantload of shares we all hold a little better to look at.
Ski well. : )
Bo
D in the R, good post and I'll
try to shhh it until the end of Jan about CMKX, unless others band together peacefully and seek the answers from company we long deserve, or if some news comes from them. I'm trying to get honed in on good plays and make 2005 the year 2004 was supposed to be before I got sucked in on long-term holds.
I was out yesterday and missed BCON and NCDP yesterday.
NCDP reminds me of IBZT, except it seems they have the pproduct and FDA approval to back it up.
Anyone know NCDP's O/S or Float?
psst... .0011 was MLON's last trade. I know the bid is being held down, but coming from .0001 in 7 trading days with more that may come is impressive.
Bo
TRBY B/A .051/.065 crazy spread, but you who got
in yesterday or this morning, it could get nice very soon.
Bo
pros...one of the moderators on PB32
stated posted that it was confirmed yesterday.
I'm going to give my brain a break on CMKX for now. Like many, I was hoping I would be on the beaches of Negril next week sipping fruit juice while the kids were jet-skiing in the bay...lol. Not to be and I've vented, so now it's back to looking for good picks.
Mach, makememoney and Joye have me looking for the buy button on TRBY soon. It may be a steady riser over the next few days. Also, with any news it could pop to the YTD high or beyond.
Bo
GM all. :) BBP and D in the R...
First, the reason I invested in CMKX was their self-touted and apparent potential with all of these claims they apparantly own. I saw value in that and was the reason I put my money here. Also, after seeing how QBID ran from .0001 to .029 on speculation of lesser value than CMKX, I thought CMKX would do the same.
I'm learning quick that history repeats itself in this industry whether it be the companies involved or the government agencies which oversee trading. An important ruling last year was suppose to occur in February 2004 which many touted as "the answer" to all of our shorting woes. NSS would be eliminated and short selling could only occur on an up-tick, not a down tick.
In February of 2004, the much anticipated ruling was postponed less than 48 hours before it was suppose to occur. It was pushed back until early April 2004. Well, early April came and went and as we sit today no apparent effect is anywhere to be seen, nor is this rule even discussed anymore.
Make no mistake guys, SHO is postponed until May. Only because I've been part of pilot programs and rollout can I tell you with surety, a pilot program (or rollout) is the INITIAL PHASE of any new procedure or system. It is only after the pilot period that results will be measured to determine if it will be rolled out on a larger scale.
So to say the pilot SHO will be postponed, but the rest of the SHO will be seen in January, simply isn't correct. I'm not bashing you guys personally because you both seem cool, but your idea puts the cart before the horse. You would never see the entire system or ruling in this case because there is a pilot phase to be tested first.
Look, I know I've taken a tough view on CMKX this week. But if you look at what my posts say, they are consistant with what I wrote in August after they quietly raised the A/S to 800 Billion on us.
I have reviewed the last 2 years pr's for the second time now to see if I missed anything. The reason for my concern is that as time goes on, nothing changes, meaning more loose ends of unanswered questions are just added to the pile. Now again quietly we are learning that claims have lapse and one of those is Carolyn, which was touted by them all spring and summer.
In the past I've tried to develop ways (using the company's input) for we 50,000 shareholders to speak as one.
CMKX/USCA has a fiduciary duty to us as shareholders. Please do not be tricked by those who say, "they are pinksheet company, they owe us nothing". They are a pinksheet company, which simply means they do not report their profile, acitivity and financials to the SEC. That does not give them licence to lie, mislead or misrepresent their company to us or prospective investors. Because such actions are punishable, it's to be seen how much longer the 50,000 will sit quietly while expected date after expected date go by with growing unanswered questions. Given what has occured, it would be a slam dunk if shareholders took them to task legally.
Quietly increasing the A/S to 800 Billion, and issuing dividends reflecting an O/S of over 770 Billion is strike one in my book, especially when you are telling people to their face that you are still retiring shares (also in pr's). Strike two is them quietly letting claims lapse and now seeing the touted claim (Carolyn) up for auction on freaking Ebay.
My trigger got tripped after strike one, and it's pretty clear to see how I feel now after strike two. At .0001 many are stuck holding and like me figure it can't go any lower and will stick around until after the SEC and SFC inquiries. After that point, it should be clear whether they have the goods or a high O/S and have let claims lapse which they touted all year. Hell, allowing them to lapse doesn't even give them the opportunity to make money selling them like Seagrove is able to do now.
Anyway, sorry guys. I always try to call it like I see it. If some pissed off people are what is needed to get some answers from CMKX, then when you read this post or the posts I made this week keep that in the back of your mind to why I've posted like I have this week. They are 100% hearfelt, but with the hope that others will also refuse to sit back and finally request answers about whether we were lied to, or if our trust was well placed.
The squeeky wheel gets the kimberlite.
Bo
CMKX: SHO Pilot Delayed.
D in the Ruff, I appreciate what you wrote in your last post to me. Call it a crash course I've had in the land of high risk this past 12-13 months, but if you read my post yesterday http://www.investorshub.com/boards/read_msg.asp?message_id=4815476, this is one prediction I wish I was wrong, but knew with 100% certainty would unfortunately come to pass:
"For those that have been around, there are have a few legislative acts, new so called statutes and alleged lawsuits which are going to rock the NSS world. To date, nothing has been effective. I'm hoping for the best, but don't be surprised if the SHO is delayed to a future date, or has no effect as it relates to CMKX."
Be well, Bo
________________________________________________________________
http://www.sidley.com/db30/cgi-bin/pubs/MarketRegDec0104v2.pdf
SEC Delays Implementation of the
Regulation SHO Pilot
The Securities and Exchange Commission (“SEC”) has issued an order1 delaying the
commencement of the Regulation SHO pilot program (the “Pilot”), which will
suspend the application of the price test restrictions (i.e., the “tick” test for
exchange-listed securities and the “bid” test for Nasdaq National Market System
securities) on short sales in certain designated securities.2 Specifically, the
commencement of the Pilot has been delayed from January 3, 2005 until May 2,
2005, with the Pilot now scheduled to end on April 28, 2006.
The SEC noted in the order that the decision to delay the Pilot is primarily based on
concerns expressed by broker-dealers with the requirement to mark short sales in all
securities included in the Pilot “short exempt.” In particular, broker-dealers have
represented that this requirement imposes significant system changes to ensure that
short sale orders in Pilot securities are marked properly and that such marking is
maintained throughout the processing of the order. The SEC noted in the order that
a number of market centers have offered to assist their members in this regard,
namely by allowing all such short sale orders to be executed without regard to a short
sale price test, regardless of whether the order had been marked “short” or “short
exempt.” However, these market centers have also represented that they would not
be able to complete all the necessary systems changes by January 3, 2005. The SEC
stated in the order that broker-dealers retain the responsibility to properly mark all
short sale orders in Pilot securities upon commencement of the Pilot on May 2,
2005, however also indicated that it would consider requests for exemptive relief on
behalf of these broker-dealers, to the extent the market centers have implemented
the necessary systems changes.
D in the Ruff, check your Bills schedule and
see who's coming to town the for your last game of the regular season. ; )
As for CMKX, we have 2 inquiries in 2 different contries against the main players of our investment. There seems to now be a better even money chance that certain claims which were promoted and hyped by the company president, IR representative and main JV partner all year, have lapsed.
At this writing there has been no word from the company about the inquiries, the lapsed claims, the entired sampled results from claims which now appear to have been lapsed, the August meeting, the true meaning of the 'cross dividend' policy (nothing has even close to resembled a cross dividend in all dividends declared in 2003 and 2004), what is CIM, the O/S, the float, the NSS issue, the amount of ore recovered to date from Ecuador, the number of drilling rigs owned, the number of drilling rigs currently in operation, the NSS issue, if they have diluted this company to almost 800 billion shares, no mention of any samples from the 'Oreo' pipe ( last word the rig was being moved to another location...), why they stated on the phone and to shareholders in person that they would be reporting in June or July, when they now actually expect to be reporting, just to name a few.
But hey, there's perfect clarity on the new car body and chassis for the 2005 race season. For CMKXtreme, all is certainly well. For insiders of CMKX who benefited in anyway by share dilution which brought in 10's of millions for them, all is well (cigar in front of the fireplace crowd over the holidays). For the MM's who look at 100 billion to possibly 800 billion O/S total every day, all has been very well for them. (they have moved beyond the fireplace crowd and have realtors looking at island villas).
The faithful wait.....and wait, and expected date after expected date go by. I'm not at the point yet where hard cold reality reality of dishonest people have knocked the hell out of my hopes and dreams, but I'm getting close.
The day I learned of the 800 billion A/S back in August was a huge paradyme shift for me. But I kept the faith,as they still told shareholders in person and on the phone many things which still have not come to pass. If what has been reported today turns out to be true, then call this strike two. I have enough left to see if they are going to strike out or knock it out of the park, but not much beyond that.
Beginning the first of next year, I will go back to parking $$ in the 4-5 blue chippers while looking for great opportunities that made me a great deal of money last December and at certain times this year. In seeing IBZT and CMKX I tied up money for way too long and went away from my trading plan that was working well. Both companies seem to have similarities in their life cycle. The only plus to CMKX is there is no incentive for anyone to sell at this point at all. It can't go much lower...so whether you like or hate what I wrote above, were in this one together, good or bad.
We may hit it big, but keep in mind it was the band on the titanic who played on even as the ship was listing and diappearing in the Atlantic.
If it comes to that, I have first dibs on the conga drums.
Bo : )