EZ Traders Forum

[andrius]

Ozzy23 be careful with CMKX. I traded that one and made some very nice money from .0001 but I completely got out and not looking to get back in any time soon.

I know many CMKX longs are blaming the MMs for keeping the lid on the stock and many claim its been shorted at .0001 for months prior to this run which is complete BS. With all the car races those guys sponsor they need $ and the only way they can do that is by dumping shares.

Not sure if you followed CMKX when it was trading .0001 but there was one MM that NEVER moved from the ask and many times it was the only MM there. The MM is BSIC. CMKX didn't start moving until BSIC got whiped out at .0002 for good and then the flood gates opened. Once BSIC got cleaned from .0002 it moved to .07 and sat there until last week when it appeared for a couple hours and moved back to .07. Also note BSIC has never showed a bid for CMKX(not making a market just dumping). CMKX got news again and .0005 ask was pretty much gone outside of BSIC all day today. Besides MASSIVE volume BSIC didn't budge and CMKX got much weaker towards the end of the day. With 94.5% trades going at the ask with massive volume you'd expect at least 1 uptick through the day but CMKX didn't thanks to dilution. With so many new people stuck with losses and new shares coming in this a very risky investment IMO. I hope I am wrong and this pops for you guys still in but I just wanted to give you my thoughts.

as always good luck and happy trading

andy