Post by azesm on Oct 14, 2004 20:08:31 GMT -5
Source: Bart
***************************
TEXT
From another board.
Posted by: jdoc8
In reply to: None Date:10/13/2004 5:09:13 PM
Post #of 17571
Pretty interesting thread
Pulled from cmkxdiamond.proboards 32 junkyard thread
Topic: if there is a forced buy-in underway... (Read 558 times)
junkyard71
Dr. Of Diamonds
Posts: 238
if there is a forced buy-in underway...
« Thread started on: Today at 12:56pm »<br>
--------------------------------------------------------------------------------
the sec and the dtc will use fed calls to buy in illegal shorts for x days in a row, then they will let the stock "rest" for a day or two... (no forced buys at market)
then they do it again... and again etc...
junk (sitting here buy the dips...)
Posts: 238
Re: if there is a forced buy-in underway...
« Reply #3 on: Today at 1:13pm »<br>
--------------------------------------------------------------------------------
i also believe cmkx is trading here due to roger and the sec and the dtc...
i believe illegal stock (held by hedge funds who shorted gobs of it to themselves in addition to the massive gobs they previously sold to us lowly retailers) is being forced to be returned to the market at their "cost" or less.
i believe uc is advertising cmkx (so blatently) for this reason... and i believe this has been going on for some time...
i also believe that these naked short hedgefunds have sold into the public float hundreds and hundreds of billions of shares that they cannot buy back at these prices... non of us selling... and that these shares will propel a short squeeze like none ever seen before...
but first things first... all illegal shares currently held by any naked short related hedgefund are being legally returned to the market at a minimum price...
some of these are likely being used to 'cover' other naked shorted shares and some are still being scooped up by cmkx'ers..
there is lots of "churning" going on to mask these trades but this is what i see anyway...
so my theory is feds take away all illegal long shares these stockgate scammers are holding (they had hoped to use gains on them to dump on a cmkx pps spike and then actually cover some of their real naked short position as cmkx fell back after such spikes...
i'll call it the "failed double short and now we have to cover on the moon theory"
glta! <- me watching this unfold...
junk
--------------------------------------------------------------------------------
i believe ucad is being "fed called" where the sec / dtc are forcing cmkx nns issuers to buy ucad to cover the dividends the dtc is obligated to issue...
i believe, from memory of once knowing how this works... (its been a long time since those days) that the fed calls are used x days in a row... x is based on a schedule of how many days are slotted to clear up the imbalance of shares. times how many shares are needed to be bought.
say the dtc needed 100 ucad shares and the sec had set 10 days to buy them in. the dtc would create a schedule to buy 15 shares a day for 3 days (45 shares) then let the stock rest for 2 days (see if retail holders want to sell at current market prices) 5 of 10 days have now passed. if the 55 remaining shares are bought in a rest period, no problem... if not then the dtc will force 15 more shares a day for 3 days etc...
of course with ucad i believe nns'ers need multi-millions of ucad shares... they simply don't exist in the o/s... the 3:1 split is in hopes that some holders will sell some shares as ucad climbs... but if i'm right that will not be nearly enough liquidity... so...
ucad will soon announce a secondary offering. ucad will sell x million new shares into the market (my guess 10 million @ $10 post split) ucad will raise 100 million dollars for their coffers and there will be enough ucad available for cmkx nns'ers to buy and pay us our dividend...
based on the ucad restriction they have a year to do this... i would be sure the sec and dtc have a schedule of maybe 90 days or less.. ucad might be a very pricy stock when all this is over... most short squeezes do not hold once the squeeze is over... i can imagine ucad will see $50 or better and over time settle into the teens post split / post squeeze... but then "value" will be a factor.. right now ucad price has nothing at all to do with value...
junk
Re: if there is a forced buy-in underway...
« Reply #12 on: Today at 2:24pm »<br>
--------------------------------------------------------------------------------
on Today at 1:57pm, gdh wrote:Thanks Junk. One part I don't understand:
"all illegal shares currently held by any naked short related hedgefund are being legally returned to the market at a minimum price..."
But naked shorts don't own any CMKX, hence they are "short". So how can they be returning any shares to the market when they never bought any shares to return?
i think of it as two levels of naked short shares... the first started a few years ago when cmkx was targeted as a cellar-boxer by hedgefunds running the stockgate scam.
they "issued" hundreds of billions of naked short shares to the public and are the "real" naked short position...
but then cmkx became credible as a real company... nns'er said F@&#$ and, realizing they couldn't buy a tiny fraction of the nns shares back at anywhere near reasonable (to them) prices... (see the run to .0012)
they have been scrambling since... some surely added massive naked shorts into the run back then, but unlike "most" pinkies they found that we retailers were soaking up all they could sell and more and yet we retailers were not bailing out at all... or at any price.
once roger glen and the dividends came to be, those seriously naked shore cmkx (who had sold 100% of that stock into the clutches of dedicated retail longs) decided they would naked short gobs more stock but this time to themselves.
now they hold a bazillion naked short shares sold to us, plus a few billion naked shorts they sold to themselves...
the second set is called a boxed position (both long and short the same stock) trading a boxed position is called a dogleg trade because they can sell the shares into the market after a spike (say maybe .10 a share) buy dumping a few billion shares at market say .10 and .09 and .08 etc they can drive cmkx down some and make a pile of cash... when it falls "enough" they use limit orders at say .005 to buy it all back, and hopefully more to start to cover their "real" problem... all the naked shares they sold us....
it's a "game" they can play all the way up... if... if they can get positioned before the run starts... they can play the swings cmkx will surely have and they can somewhat control how big the swings are...
however if i'm right and the sec / dtc / roger glen have identified the shares they sold as illegal and they are being "taken away" from them, then the nns'ers are left with no real ammo to milk a cmkx pps run at all...
the sec can force the sale of these "shorted to themselves" shares and then it is up to the party they forced to sell to decide if they want to buy them to cover the naked short position they created when they issued the 'fake' shares in the first place... either way the shares were created in the open market and must be sold into the open market...
the fund can try to buy 100% of them back, but while they are trying we retailers (and anyone else) can hit the ask and get some of these shares also...
i agree it's a bit confusing... i have a hard time writing about it without using pages and pages and much editing to get it laid out right...
i'll try over a few days here to write it out and boil it down so it (as a theory) might be a viable contribution to this forum.
glta! <- i can't help this... all in all cmkx and this saga is just too amazing!
junk
***************************
TEXT
From another board.
Posted by: jdoc8
In reply to: None Date:10/13/2004 5:09:13 PM
Post #of 17571
Pretty interesting thread
Pulled from cmkxdiamond.proboards 32 junkyard thread
Topic: if there is a forced buy-in underway... (Read 558 times)
junkyard71
Dr. Of Diamonds
Posts: 238
if there is a forced buy-in underway...
« Thread started on: Today at 12:56pm »<br>
--------------------------------------------------------------------------------
the sec and the dtc will use fed calls to buy in illegal shorts for x days in a row, then they will let the stock "rest" for a day or two... (no forced buys at market)
then they do it again... and again etc...
junk (sitting here buy the dips...)
Posts: 238
Re: if there is a forced buy-in underway...
« Reply #3 on: Today at 1:13pm »<br>
--------------------------------------------------------------------------------
i also believe cmkx is trading here due to roger and the sec and the dtc...
i believe illegal stock (held by hedge funds who shorted gobs of it to themselves in addition to the massive gobs they previously sold to us lowly retailers) is being forced to be returned to the market at their "cost" or less.
i believe uc is advertising cmkx (so blatently) for this reason... and i believe this has been going on for some time...
i also believe that these naked short hedgefunds have sold into the public float hundreds and hundreds of billions of shares that they cannot buy back at these prices... non of us selling... and that these shares will propel a short squeeze like none ever seen before...
but first things first... all illegal shares currently held by any naked short related hedgefund are being legally returned to the market at a minimum price...
some of these are likely being used to 'cover' other naked shorted shares and some are still being scooped up by cmkx'ers..
there is lots of "churning" going on to mask these trades but this is what i see anyway...
so my theory is feds take away all illegal long shares these stockgate scammers are holding (they had hoped to use gains on them to dump on a cmkx pps spike and then actually cover some of their real naked short position as cmkx fell back after such spikes...
i'll call it the "failed double short and now we have to cover on the moon theory"
glta! <- me watching this unfold...
junk
--------------------------------------------------------------------------------
i believe ucad is being "fed called" where the sec / dtc are forcing cmkx nns issuers to buy ucad to cover the dividends the dtc is obligated to issue...
i believe, from memory of once knowing how this works... (its been a long time since those days) that the fed calls are used x days in a row... x is based on a schedule of how many days are slotted to clear up the imbalance of shares. times how many shares are needed to be bought.
say the dtc needed 100 ucad shares and the sec had set 10 days to buy them in. the dtc would create a schedule to buy 15 shares a day for 3 days (45 shares) then let the stock rest for 2 days (see if retail holders want to sell at current market prices) 5 of 10 days have now passed. if the 55 remaining shares are bought in a rest period, no problem... if not then the dtc will force 15 more shares a day for 3 days etc...
of course with ucad i believe nns'ers need multi-millions of ucad shares... they simply don't exist in the o/s... the 3:1 split is in hopes that some holders will sell some shares as ucad climbs... but if i'm right that will not be nearly enough liquidity... so...
ucad will soon announce a secondary offering. ucad will sell x million new shares into the market (my guess 10 million @ $10 post split) ucad will raise 100 million dollars for their coffers and there will be enough ucad available for cmkx nns'ers to buy and pay us our dividend...
based on the ucad restriction they have a year to do this... i would be sure the sec and dtc have a schedule of maybe 90 days or less.. ucad might be a very pricy stock when all this is over... most short squeezes do not hold once the squeeze is over... i can imagine ucad will see $50 or better and over time settle into the teens post split / post squeeze... but then "value" will be a factor.. right now ucad price has nothing at all to do with value...
junk
Re: if there is a forced buy-in underway...
« Reply #12 on: Today at 2:24pm »<br>
--------------------------------------------------------------------------------
on Today at 1:57pm, gdh wrote:Thanks Junk. One part I don't understand:
"all illegal shares currently held by any naked short related hedgefund are being legally returned to the market at a minimum price..."
But naked shorts don't own any CMKX, hence they are "short". So how can they be returning any shares to the market when they never bought any shares to return?
i think of it as two levels of naked short shares... the first started a few years ago when cmkx was targeted as a cellar-boxer by hedgefunds running the stockgate scam.
they "issued" hundreds of billions of naked short shares to the public and are the "real" naked short position...
but then cmkx became credible as a real company... nns'er said F@&#$ and, realizing they couldn't buy a tiny fraction of the nns shares back at anywhere near reasonable (to them) prices... (see the run to .0012)
they have been scrambling since... some surely added massive naked shorts into the run back then, but unlike "most" pinkies they found that we retailers were soaking up all they could sell and more and yet we retailers were not bailing out at all... or at any price.
once roger glen and the dividends came to be, those seriously naked shore cmkx (who had sold 100% of that stock into the clutches of dedicated retail longs) decided they would naked short gobs more stock but this time to themselves.
now they hold a bazillion naked short shares sold to us, plus a few billion naked shorts they sold to themselves...
the second set is called a boxed position (both long and short the same stock) trading a boxed position is called a dogleg trade because they can sell the shares into the market after a spike (say maybe .10 a share) buy dumping a few billion shares at market say .10 and .09 and .08 etc they can drive cmkx down some and make a pile of cash... when it falls "enough" they use limit orders at say .005 to buy it all back, and hopefully more to start to cover their "real" problem... all the naked shares they sold us....
it's a "game" they can play all the way up... if... if they can get positioned before the run starts... they can play the swings cmkx will surely have and they can somewhat control how big the swings are...
however if i'm right and the sec / dtc / roger glen have identified the shares they sold as illegal and they are being "taken away" from them, then the nns'ers are left with no real ammo to milk a cmkx pps run at all...
the sec can force the sale of these "shorted to themselves" shares and then it is up to the party they forced to sell to decide if they want to buy them to cover the naked short position they created when they issued the 'fake' shares in the first place... either way the shares were created in the open market and must be sold into the open market...
the fund can try to buy 100% of them back, but while they are trying we retailers (and anyone else) can hit the ask and get some of these shares also...
i agree it's a bit confusing... i have a hard time writing about it without using pages and pages and much editing to get it laid out right...
i'll try over a few days here to write it out and boil it down so it (as a theory) might be a viable contribution to this forum.
glta! <- i can't help this... all in all cmkx and this saga is just too amazing!
junk