Post by CashinIn on Jun 24, 2004 13:50:10 GMT -5
I rained out today, so I have been doing a few things around the house, but I listened to IBC radio for a few hours and I heard a called call in and said he once bought large blocks of CMKX like 10 million X .0001 with SCHB for a long time. But once CMKX started to run he tried to buy a large block but they would not get it for him. So he asked to talked to the Manager and the manager told him they could not buy it for him because it was to much of a risk, to them.
This reminded me of what happened to me when I was with Scottrade back in Feb. Like lots of people I wanted to get in CMKX, but Scottrade would not buy it for me. I asked them why and was told all they have is sell orders and all they could do was sell it. But how do you sell, unless you buy first? You short it!! This made no sense to me at the time, but I know now that Scottrade uses NITE as their MM, and the CEO of Scottrade Roger Rine sits on the board of Knight Trade = NITE So this may be a big hint as to who shorted the stock. I know that people have been saying that NITE is short CMKX, but it was good to hear a called on IBC talking about it. Also I dropped Scottrade and went with Ameritrade.
Has anyone here had this trouble?
This reminded me of what happened to me when I was with Scottrade back in Feb. Like lots of people I wanted to get in CMKX, but Scottrade would not buy it for me. I asked them why and was told all they have is sell orders and all they could do was sell it. But how do you sell, unless you buy first? You short it!! This made no sense to me at the time, but I know now that Scottrade uses NITE as their MM, and the CEO of Scottrade Roger Rine sits on the board of Knight Trade = NITE So this may be a big hint as to who shorted the stock. I know that people have been saying that NITE is short CMKX, but it was good to hear a called on IBC talking about it. Also I dropped Scottrade and went with Ameritrade.
Has anyone here had this trouble?
