Post by fastwalker on Feb 7, 2007 23:28:17 GMT -5
OK, this is not a pump, nor a bash, it is merely an attempt to look at the effects of the GBS had on us as stockholders. I trust it will not be perceived as anything other than a commentary …such as in “For What it’s Worth.”
Fortunately, those on our board were for the most part not expecting too much. I applaud their sense of stability and share in their sense of disappointment and befuddlement over the interview. This lack of response posted though, didn’t really, in my opinion, portray what I believe was the range of mixed emotions that some must have surely experienced. And by no stretch of the imagination, would I even suggest that there wasn't a high degree of disappointment felt by all here and across the boards in general.
While I ‘m not denigrating the intellect and or emotional level of any member, I do see the igurus and their crews as similar in the self-promoting way, that we as children, would manipulate our emotions and rationalize our response, when we really wanted something and thought we couldn’t live without it, only to discover later, that we weren’t getting it after all.
I kind of think it’s not unlike wanting something to be true, in which we have built up and waited with bated breath, as we watched the days, hours, minutes and seconds painfully ticked away until the “magic” moment arrived….sort of like the long waiting and subsequent disappointment, sometimes experienced as a child on Christmas day, when the much-anticipated gift from Santa Clause was not found.
One of the things I’ve found interesting and or noteworthy is the seeming reluctance, indeed, the outright hostility in some cases, of the shareholders to view the “CMKX EXPERIENCE” for what it truly is, a long term investment, which does not need to justify the “instant gratification” of the “short term” outlook of some shareholders.
I would also be remiss in my musings, if I didn’t address the lengths some will go to bash the stock and others to defend it and still others you take great jpoy in bashing other members / shareholders. This is astonishing, to watch and can at times be simply befuddling.
The rationalizations by various shareholders are similar to the arguments posed by shareholders that UC has, by necessity, engaged in certain activities in order to ensure the “master plan” is executed without problems. We are lead to believe, there would be no benefit realized by “showing and or telling” what exactly is taking place with our company. So, we are allowed to believe what we want, but mostly that CMKX management is actually providing, through it’s actions and lack of communiqués a positive benefit to all shareholders. OK, I have no problem with that.
Similarly though, I do have a problem with “hero” worship and those who believe in CMKX so devoutly, they are more of a hostage to CMKX’s action or lack thereof, the will engage in some really abusive activities toward other not within their “group.”
OK, no need to attack me on that, I enjoyed being coddled as a child also, so it’s not a “slam” against them wanting something which was lost , when we “grew up
But this raises a more serious question of what is the cure to such thinking. It is not simply, or even primarily, a matter of physical maturity, but of mental and emotional maturity.
Just as children must take full responsibility for ordering their own lives, so do all those people who hang onto the “words” of their leaders, especially in those facets where a person may delegate responsibilities to others, such as a financial advisor for example, you must still review and even challenge the person you have made responsible for “taking “ care of your money matters. By making sure that person is performing in accordance with expectations and within the realm of acceptable reasoning for their conclusions.
The cure it would seem is to help people "grow up" and realize that they not only should take responsibility for their lives, but also at some point, take responsibility for their actions. The most effective way to accomplish this would appear to be really looking at the “good and bad “ sides of an issue and not assuming that by discussing the bad side in a positive and constructive manner, (and by that I don’t mean entertaining the ranting of a “basher”
sorry bashers, I still don’t care to debate any issue with you)…it will somehow shake your faith and or bring about the demise of the CMKX EXPERIENCE and opportunity for realizing the benefits from the stock play of a lifetime..OK enough of that..now
we should look at another issue....
Which brings us to another point that I have seen being tossed around by the bashers and which I find even more disturbing and that is the idea that we are still seeing stock manipulation by the management of CMKX and others?
Let me say right now, I don’t believe that is the case. But there will be some, mostly bashers who will use this premise to attack CMKX and influence the “uninformed” shareholders who may not know any better and be susceptible to such thinking, to their point of view, especially given the events with and surrounding CMKX.
With a little DD, I was able to find and now post some vary interesting information on this subject, most is a compilation of data, it is not designed to pump CMKX, it can and has stood on it’s own merits, but this bit of information is more to inform our less than “happy” shareholders on what and how this information can be used to manipulate their thinking process. So, FWIW.. the following is presented for your edification….
a post within a post...
A less publicized and more sinister version of naked short selling on Wall Street, is called "short and distort." There is nothing inherently wrong with short selling, which is we now know is permissible under SEC regulations. But, the short-and-distort type of short seller uses misinformation and a bear market to manipulate stocks. Short and distort is as illegal as the pump and dump, but is mainly used in a bear market. It is important investors are aware of the dangers and the means of protecting themselves.
Short selling is the practice of selling borrowed stock in the hopes that the stock price will soon fall, allowing the short seller to buy it back for a profit. The SEC has made it a legal activity for several good reasons. First, it provides the markets with more information. Shorters (traders who practice selling short for a living) often complete extensive and legitimate due diligence to try and discover facts and flaws that support their suspicion that the target company is overvalued. Because most shorters are scrupulous and ethical, their actions are conducive to the health of the market.
Finally, short selling also provides investors who own the stock (have "long" positions) the ability to generate some extra income by lending their shares to the shorts.
Now don’t jump on me for the preceding statement…… read on.
On the other hand, short and distort (S&D) traders manipulate stock prices in a bear market by taking short positions and then using a smear campaign to drive down the price of the targeted stock. This is the inverse version of the "pump and dump" tactic, whereby crooks buy stock (take a long position) and issue false information that causes the target stocks price to increase. (Ah yes…we know these people well..!)
Generally, it is easier to manipulate stocks to go down in a bear market and up in a bull market. The pump and dump is better known than the S&D because of the long bull market and the media. The stock market has been in a general up-trend since the early 1980s, which provided ample fodder for "pumpers." Movies like Wall Street and The Boiler Room helped educate investors about the risk of this type of stock manipulation.
The S&D schysters try to profit by stimulating fear. They will use online screen names that imply either that they are associated with the SEC or NASD, or that they can regularly spot worthless stocks. Their goal is to convince investors that every proponent of the stock has ties to the company and that the SEC is watching and will halt the stock.
S&Ds also intimate that they are looking out for investors' interests. Short and distort players clutter message boards, so optimistic information cannot easily be found. "Get out before it all comes crashing down" and "Investors who wish to enter a class action lawsuit can contact…" are typical posts, as are their projections of $0.00 and loss projections of 100%. If their strategy is suspected by "longs," they attack the person that has caught them. The market manipulator will do everything in his/her power to keep buyers out of the stock and keep the price heading south.
The net effect is that the investors who initially bought stock at higher prices sell at low prices because of their mistaken belief that the stock is worthless, caused by an effective distortion campaign. At the same time, the S&Ds cover at low prices and lock in their gains.
In light of Enron and current market conditions, investors are more susceptible to this type of manipulation now than during the boom of the nineties. In this current market, the first appearance of impropriety causes investors to run for the hills. As a result, many innocent, legitimate, and growing companies are getting burned, and investors are getting burned along with them.
A few tips to help prevent this in the future:
1) Do not believe everything you read--verify the facts.
2) Do your own due diligence and discuss it with your broker.
3) Hypothecate your stock--take it out of street name to prevent the short sellers from borrowing and selling it.
The best way you can protect yourself is to do your own research. There are many potentially great stocks out there, but Wall Street is ignoring them. And even if the SDs attack your stock, you will be better able to detect their distortions and be less likely to fall prey to their distortions by selling the stock at a loss.
continued.....
Fortunately, those on our board were for the most part not expecting too much. I applaud their sense of stability and share in their sense of disappointment and befuddlement over the interview. This lack of response posted though, didn’t really, in my opinion, portray what I believe was the range of mixed emotions that some must have surely experienced. And by no stretch of the imagination, would I even suggest that there wasn't a high degree of disappointment felt by all here and across the boards in general.
While I ‘m not denigrating the intellect and or emotional level of any member, I do see the igurus and their crews as similar in the self-promoting way, that we as children, would manipulate our emotions and rationalize our response, when we really wanted something and thought we couldn’t live without it, only to discover later, that we weren’t getting it after all.
I kind of think it’s not unlike wanting something to be true, in which we have built up and waited with bated breath, as we watched the days, hours, minutes and seconds painfully ticked away until the “magic” moment arrived….sort of like the long waiting and subsequent disappointment, sometimes experienced as a child on Christmas day, when the much-anticipated gift from Santa Clause was not found.
One of the things I’ve found interesting and or noteworthy is the seeming reluctance, indeed, the outright hostility in some cases, of the shareholders to view the “CMKX EXPERIENCE” for what it truly is, a long term investment, which does not need to justify the “instant gratification” of the “short term” outlook of some shareholders.
I would also be remiss in my musings, if I didn’t address the lengths some will go to bash the stock and others to defend it and still others you take great jpoy in bashing other members / shareholders. This is astonishing, to watch and can at times be simply befuddling.
The rationalizations by various shareholders are similar to the arguments posed by shareholders that UC has, by necessity, engaged in certain activities in order to ensure the “master plan” is executed without problems. We are lead to believe, there would be no benefit realized by “showing and or telling” what exactly is taking place with our company. So, we are allowed to believe what we want, but mostly that CMKX management is actually providing, through it’s actions and lack of communiqués a positive benefit to all shareholders. OK, I have no problem with that.
Similarly though, I do have a problem with “hero” worship and those who believe in CMKX so devoutly, they are more of a hostage to CMKX’s action or lack thereof, the will engage in some really abusive activities toward other not within their “group.”
OK, no need to attack me on that, I enjoyed being coddled as a child also, so it’s not a “slam” against them wanting something which was lost , when we “grew up
But this raises a more serious question of what is the cure to such thinking. It is not simply, or even primarily, a matter of physical maturity, but of mental and emotional maturity.
Just as children must take full responsibility for ordering their own lives, so do all those people who hang onto the “words” of their leaders, especially in those facets where a person may delegate responsibilities to others, such as a financial advisor for example, you must still review and even challenge the person you have made responsible for “taking “ care of your money matters. By making sure that person is performing in accordance with expectations and within the realm of acceptable reasoning for their conclusions.
The cure it would seem is to help people "grow up" and realize that they not only should take responsibility for their lives, but also at some point, take responsibility for their actions. The most effective way to accomplish this would appear to be really looking at the “good and bad “ sides of an issue and not assuming that by discussing the bad side in a positive and constructive manner, (and by that I don’t mean entertaining the ranting of a “basher”
sorry bashers, I still don’t care to debate any issue with you)…it will somehow shake your faith and or bring about the demise of the CMKX EXPERIENCE and opportunity for realizing the benefits from the stock play of a lifetime..OK enough of that..now
we should look at another issue....
Which brings us to another point that I have seen being tossed around by the bashers and which I find even more disturbing and that is the idea that we are still seeing stock manipulation by the management of CMKX and others?
Let me say right now, I don’t believe that is the case. But there will be some, mostly bashers who will use this premise to attack CMKX and influence the “uninformed” shareholders who may not know any better and be susceptible to such thinking, to their point of view, especially given the events with and surrounding CMKX.
With a little DD, I was able to find and now post some vary interesting information on this subject, most is a compilation of data, it is not designed to pump CMKX, it can and has stood on it’s own merits, but this bit of information is more to inform our less than “happy” shareholders on what and how this information can be used to manipulate their thinking process. So, FWIW.. the following is presented for your edification….
a post within a post...
A less publicized and more sinister version of naked short selling on Wall Street, is called "short and distort." There is nothing inherently wrong with short selling, which is we now know is permissible under SEC regulations. But, the short-and-distort type of short seller uses misinformation and a bear market to manipulate stocks. Short and distort is as illegal as the pump and dump, but is mainly used in a bear market. It is important investors are aware of the dangers and the means of protecting themselves.
Short selling is the practice of selling borrowed stock in the hopes that the stock price will soon fall, allowing the short seller to buy it back for a profit. The SEC has made it a legal activity for several good reasons. First, it provides the markets with more information. Shorters (traders who practice selling short for a living) often complete extensive and legitimate due diligence to try and discover facts and flaws that support their suspicion that the target company is overvalued. Because most shorters are scrupulous and ethical, their actions are conducive to the health of the market.
Finally, short selling also provides investors who own the stock (have "long" positions) the ability to generate some extra income by lending their shares to the shorts.
Now don’t jump on me for the preceding statement…… read on.
On the other hand, short and distort (S&D) traders manipulate stock prices in a bear market by taking short positions and then using a smear campaign to drive down the price of the targeted stock. This is the inverse version of the "pump and dump" tactic, whereby crooks buy stock (take a long position) and issue false information that causes the target stocks price to increase. (Ah yes…we know these people well..!)
Generally, it is easier to manipulate stocks to go down in a bear market and up in a bull market. The pump and dump is better known than the S&D because of the long bull market and the media. The stock market has been in a general up-trend since the early 1980s, which provided ample fodder for "pumpers." Movies like Wall Street and The Boiler Room helped educate investors about the risk of this type of stock manipulation.
The S&D schysters try to profit by stimulating fear. They will use online screen names that imply either that they are associated with the SEC or NASD, or that they can regularly spot worthless stocks. Their goal is to convince investors that every proponent of the stock has ties to the company and that the SEC is watching and will halt the stock.
S&Ds also intimate that they are looking out for investors' interests. Short and distort players clutter message boards, so optimistic information cannot easily be found. "Get out before it all comes crashing down" and "Investors who wish to enter a class action lawsuit can contact…" are typical posts, as are their projections of $0.00 and loss projections of 100%. If their strategy is suspected by "longs," they attack the person that has caught them. The market manipulator will do everything in his/her power to keep buyers out of the stock and keep the price heading south.
The net effect is that the investors who initially bought stock at higher prices sell at low prices because of their mistaken belief that the stock is worthless, caused by an effective distortion campaign. At the same time, the S&Ds cover at low prices and lock in their gains.
In light of Enron and current market conditions, investors are more susceptible to this type of manipulation now than during the boom of the nineties. In this current market, the first appearance of impropriety causes investors to run for the hills. As a result, many innocent, legitimate, and growing companies are getting burned, and investors are getting burned along with them.
A few tips to help prevent this in the future:
1) Do not believe everything you read--verify the facts.
2) Do your own due diligence and discuss it with your broker.
3) Hypothecate your stock--take it out of street name to prevent the short sellers from borrowing and selling it.
The best way you can protect yourself is to do your own research. There are many potentially great stocks out there, but Wall Street is ignoring them. And even if the SDs attack your stock, you will be better able to detect their distortions and be less likely to fall prey to their distortions by selling the stock at a loss.
continued.....