In the interest of LIQUIDITY the MM"s are ALLOWED to Naked short stocks to keep the market moving... it is quite LEGAL and VERY usefull in the big picture.... THE PROBLEM ARISES HERE ON THE OTC AND THE PINK SHEETS because there is NO REGULATORY agencey overseeing the "ETHICS" of the MM"S !!!!! ________________GET THIS CLEAR IN YOUR MIND !!!__________ THE MM"S ON THE OTC AND PINKSHEETS >>>>>>>>>NEVER<<<<<< EVER NEVER EVER NEVER NEVER NEVER NEVER NEVER NEVER EVER had to DELARE OR ACCOUNT FOR THE NAKED SHORT POSITIONS _________________EVER !!!!________________________
UNLESS....a company comes along and starts doing the VERY SAME THINGS that CMKX is doing RIGHT NOW !!!! IF they DO NOT GO UNDER FIRST.....the mm's will EVERNUTALLY HAVE to cover their positions...this is why so many people here are FOLLOWING THEM !!! THE MM"S STAND AN EXCELLENT CHANCE OF GETTING CRUSHED HERE !!! As long as they NEVER have to account for their positions their DEEP POCKETS can bankrupt ANY company listed on EITHER exchange by simply shorting them to DEATH. JUST look at what is happenintg to TNGO AND STUOF...perfect examples. EVERYTIME good news comes out...the price will hold or even take a SMALL MOVE UP AND THEN BANG...the price comes CRASHING DOWN !!! TAKE IT OR LEAVE IT...that is the way the game is played down here...you eitehr like it or NOT but it's NEVER GOING TO CHANGE ! The BIG BROKERS and the SEC are in each others pockets and there is WAY to much money to FLEECE out of the unsuspecting newcomers and OLD traders alike to EVER change the rules. JUST ASK GUMP...he has fought to get them changed for YEARS ! He is STILL here presumably because he was able to win enough of the time to justify being on these exchanges. I'm selling off my holdings....I'm not good enough to compete with people that work in the dark and will NEVER see the light of day. GLTY though...you might be one of the FEW people that can make money here....most people come in with great intentions THINKING they are investing in good young companies with a CHANCE of making it to the "next level" the truth is.....MOST of them NEVER STAND A CHANCE of getting out of PINK/OTC HELL !!! HELL....many of them go to GREAT LEGNTHS to STAY HERE !! The companies themSELVES don't have to report their shinanaigans EITHER !!! heehehehhhehe...I"m A FREELY ADMITED CHUMP for thinking I was smart enough to compete....but YOU are probably MUCH smarter than ME...you just might be the ONE in a THOUSAND taht invest money here and gets ANY of it back !!! catman....ISYA
PS...get on the phone RIGHT NOW with ANY reputable Broker in America and ask their SPECIALIST what they think of a NOVICE trading here !!! THIS IS WHAT YOU WILL HERE !!!! AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHAHHAHAHAHAHHAHAHA !!! Seriously, I've had more than ONE Schwab rep BURST into laughter when he lookd at MY port ! Makes a guy feel REALLY good about a years work ! ;(