Zen, your last 2 paragraphs have me smiling...
"Seems to be a very tightly held, tightly controlled stock. Today's rapid ascent on low volume is proof enough IMO that anyone that wants to step in and toy with UCAD is playing with fire. And I mean out of control, Colorado-type wildfire.
But hey, that's CMKX -- the greatest stock in the world when it comes to its shareholders not knowing what in the hell is going on behind the scenes. LOL"
It's so funny because it's so true.
Just a couple of things then I'm going to call it a night.
You hit on those points in the first paragraph above and in your post which agree with contentions I was making on why the short squeeze phase of trading with UCAD isn't what I think we are seeing here. The noted low to modest volume in the past with unremarkable price movement doesn't tell me in a clear way that shorting occurred and what we are seeing now is covering.
The second and important issue is... Absent of the above, then what is driving this bullish run for UCAD? I had to use the majority of my post to explain why we need to be cautious in what we are seeing because of potential MM pre-manipulation. However, I made mention (a mere mention at the end) that there is a side of this run we are seeing with UCAD, that could be very good for all of us.
So yes, there is another side. A very good side. I discussed how we need to be cautious because MM's could be setting up a short situation. However, absent of that occurring now, there can only be one reason UCAD is moving strong. Value.
Somebody is seeing pr's pertaining to value occurring in the very near future.
Moving UCAD to the AMEX is part of it, but where does the majority of UCAD's potential come from?
Answer: It's 8-9% it owns in CMKX.
So, absent of MM manipulation, I am seeing through the smoke, a very bright light with the market reaction that is now occuring.
Consider this. The market already knows the O/S and tradable float for UCAD. Further, if anything, the amount of the O/S and/or tradable float will be increasing tomorrow. The market is not blind to this. It KNOWS this, yet we are seeing a bullish UCAD run.
I simply don't believe the pps would go up based on news already known, and the fact UCAD will be receiving installments of a $9 million, only to have to pay CMKX $12 million dollars which they still owe them.
So even though I laid out an argument why we need to be cautious in seeing UCAD's strong move, there is a hopeful side to this. Once again, all eyes are to CMKX and what they announce in terms of positive diamond finds. That is the VALUE that I speak of which justifies UCAD's current good fortune. : )
The good ending to this mini-drama with UCAD, because the dividends are payable tomorrow, we can follow the trading and pps of UCAD to help clarify some questions. However, an announcement, or announcements from CMKX of good news would not only clarify this piece of the puzzle, but finally give lift to its own pps once and for all.
That will buy us A LOT of popcorn.
Nite all, : )
Bo
AI
