CMKX...Varok Repost:
Much of what goes on behind the scene is known as arbitrage..I believe that most trades are the effect of simultaneous purchases and sales of identical issues to facilitate to maximize the profit from a price difference between the 2 trades..Example: If you sell at .0001 which is the bid,what you don't see is the difference in the 5th decimal,of which would make it .00015..The MMs, I believe are covering on that 5th decimal and of course is not noted,but probably deciminated as .0001.You will notice that many come through at and during the day in 999999 with the quantity..
The volume has been quite heavy and with many brokerage houses not allowing buys,but will allow sells,tells me that they are also in a nervous and very precarious situation.
These houses do not want to be called and will on their own account cover their ### and they do know what is in their accounts (number of shares held)and shareholders..This is oblivious to the DTC accounting who can only establish that Ameritrade,E-trade,etc; has so many shares held..This disparity between what we own in electronic shares and the DTC and what has been reported by CMKX (recent Filings) brought all this to the forefront..
It is scramble time for shorty and his mooning finally got gorged by the infamous mechanism known as "Covering"..He just got his anemia after the halt..They are in pain..
The game is on..Man!! I love it..
Have a good day
Varok
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