Replies to post #72997 on CMKM Diamonds Inc (fka CMKX)

[EvilTweety]

Quick comment....I've had three different test sells go through at the fifth decimal...in one case the sell was for .0006 and it filled at .00065. Now none of the retail buyers that I know can use the fifth decimal - Ameritrade won't allow it - so while I'm not complaining about the extra couple of bucks, I still don't understand what's being accomplished except that the MM's are trading with their own agenda............it's not retail offers so it's MM's exclusively, yes? The best buy and the best sell match-up can only be between MM's at the fifth digit.... I've never dealt with a stock before that used the fifth decimal so it's new to me.....every other stock I've traded occasionally filled at a better price but never at a price that could not be offered by a retail buyer or seller. Since the fifth digit is not available to us I'm just puzzled, which is absolutely nothing new for this baby but any thoughts?????? TIA

Tweety

[Jim Bishop]

Thanks Howdy, it has nothing to do with me trusting or not trusting you, I'm just trying to independently confirm what that trader told you and learn something at the same time.

I've been familiar with 15C211 and the piggyback rule for some years, or thought I was, seems there may be more to it that I thought, although to date my research has been confined to reporting pinks just moved or trying to move to the OTC.

I doubt that the SGTI trader would lie to you, no reason for him to do so, he may be correct, he may be mistaken, I'm just looking for confirmation of which it is....obviously if he gave you that line about accounting for the shares he is familiar with CMKX.

If he's correct, then there is no MM short or long and a few people's theories are out the window....that doesn't mean there is no short at all as the possibility does remain that hedge funds could be, although I don't see how or why they would be willing to put up the margin, or the worst kind of short, the ones that have the vehicles in hand to cover already, meaning, they don't have to cover on the open market, and hence no squeezeee.

I do wonder why pinksheets.com do not identify CMKX as non qualifying as they do with some others.