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was averagejoe

12/10/04 12:25 AM

#126070 RE: gump90 #126069

R U ever concerned if CMKX has diamonds anywhere or just about a bunch of stupid trading patterns? Is that where your heart lies Gump? Stupid trading patterns?
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gump90

12/10/04 12:28 AM

#126072 RE: gump90 #126069

Further to my last post.

I hope the members who did have GTC orders in to buy at $0.0001 will report in tomorrow with their fills. This should give us a mini poll of just how strong the fills were to retail buyers. I think most of you guys would have got your fills. Actually the whole MM thing is disgusting. Those guys should be strung up.
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janice shell

12/10/04 12:48 AM

#126078 RE: gump90 #126069

Yup. Absolutely bizarre.
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Will99

12/10/04 12:58 AM

#126080 RE: gump90 #126069

"...But it did not create a retail panic see off..."

IMO, It's just an old-fashioned "shake"...nothing more, nothing less. Of course 40,000,000,000 shares will add a little more "shock and awe" to it, but at the end of the day, NITE was simply stocking up on a fresh load. I personally feel a lot of people had been getting very nervous for some time. I don't think they expected the bid to fall apart as quickly as it did...this triggered a lot of sells from people who wanted to salvage at least something before it went "no-bid". A "no-bid" threat IMO will trigger a shake like no other.

Also, just because NITE wasn't actively trading on the bid/ask for the past 10 months, doesn't mean he hasn't been in the picture...in fact, his absence, moreso confirms that there has been a game going on the whole time. How convenient that all the other MMs essentially parted the waters so little 'ol NITE could be there to gobble up ~ 1/2 the float in one day.
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BadBassPlayer

12/10/04 2:33 AM

#126097 RE: gump90 #126069

The MM's were buying back shares from the stock loan program today Gump. most the volume was cancelled. Looks like they are getting ready for SHO!
For those who have held on I salute you! Now get ready to RUMBLE!