Replies to post #16088 on Cannon Exploration Inc. (fka CNEX)

[decouverte d Elbe]

You can't compare CNEX to a bankruptcy stock with lawsuits involved. Those are either boom or bust. Two totally different situations. You are asking people to have faith, that anonymous people are going to hold 1000% gains for their benefit. The news hasn't changed from one year ago on CNEX. I know this. These things always result in "newbies" learning the hard way; never to trust people that post, that they don't know, that urge them not to sell. Anyone can recruit a team. That's pennyland. What's the urgency?

[pisavsopbp622]

If MMs want this to run they will trade with each other back and forth upticking as they go

You mean when people like DOMS show up on ask @ .0059 for 6,000,000 shares and then dumps the last 3 mil below the bid.

Oh and then all of them parked @ .0053 and they would have pulled all of them as soon as the first bid hit to create panic. For once retail was out before the MM's on this first run and the MM's are having a hard time getting shares down here because there is simply too much support on this stock right now. Anyone notice ETMM the last week or so? He was a HUGE seller a week or so ago and recently he has been our best support. I have seen him hold a bid on here like it was nothing.

And what was DOMS doing today? Looked like a nice handoff to me. I'm not saying this isn't going through consolidation but one would be crazy to not to buy dips on... after all the trend is your friend ;-)

I think someone is late to the party. What if a top dog from K**X wanted in down here, you don't think they'd walk it down for him?

The main thing though in pennies, as ironically is always the case... is that retail players don't panic. MM's make the most money when retail panics. Heck, everybody seems to make the most money when retail investors panic.. cough... march lows, cough cough

[decouverte d Elbe]

Well good luck then here, hope the newbies make the gelt..we'll see how far she goes..you could get it to .01, or maybe .02..perhaps, but it will crash fast. I would never trust a "hold list"...we post anonymously..

[kirbling]

I have to respectfully disagree with you on this. The job of the MM is to "make the market" (hence the name). It's all about VOLUME to the market maker. There main objective is to keep the stock moving at a "controllable" pace. If new investors are buying at the ask then stock price will move up. On the contrary, if new investors are sitting at a lower bid price and there is no upward movement in the stock then current investors get bored, sell their shares and move on. When the current investor sells his/her shares at the bid they are sucked up by whoever was sitting there waiting to get them. Now here's the problem with that -- the person that was sitting on the bid gets their order filled and now they fall off the bid which makes bid support WEAKER! That's why so many people on ihub and other boards always talk about "slapping the ask". Stocks don't go up unless people buy at the ask price. If they are constantly bid sitting then it will continue to move down because as I said earlier the investors that were there before you will get board and move on.

People (including myself in the past) are so quick to say the MM's are "manipulating" the stock but with the exception of institutional MM's they're just doing what we tell them to. If the MM's can move a stock up in a controllable manner they stand to make much more money than bringing it down BUT THEY CANNOT MOVE IT UP UNLESS INVESTORS ARE BUYING.

Bottom line, if you are looking to go long on a stock it's always best to buy at the ask. After all if the bid/ask is .0059x.0060 are you really going to go broke if you buy at .006 rather than .0059. REALLY - if you buy 100,000 shares at .006 it only costs $10 more than at .0059 and you will be contributing to the stock price going up.