MM's = Market Makers (WIEN, HILL, NITE, HRZG, etc.) - the guys who, in the name of 'maintaining an orderly market', lie, cheat & steal. They are unbelievably short (no shares) on CBQI, so are doing illegal/unethical stuff to cover. They borrow YOUR shares, without your permission, to sell to others. Thus there are more shares "out there" than there are authorized shares.
"Certs" - the actual certificate that shows your ownership. Can't be borrowed against. Squeezes MM's even further. Gary & I alone control 40k shares of a 2.8 million float. The more longs we have that hold, the tighter it gets. CBQI will explode upward someday soon, perhaps when they go Nasdaq, perhaps sooner. I think it will happen quickly, like the drop we've just seen.
MM's on OTCBB hate longs, & are trying desperately to shake us loose of our shares. So what am I doing? Buying more, of course, at other folks' expense. The only way we win is to do what the MM's do-- buy when they buy & sell when they sell. Right now they desperately want to buy to cover, & will use every trick they know.
Were it not for SI & RB boards, I'd have sold scared... & lost big $$. Went thru this when CBQI dropped under $2. I held & played it & have $30k in the bank already from this stock. Sold some at $12-$14 range. Now buying back in & holding for higher returns. If Gary is on target (he's seldom far off), there could be millions in profits down the road.
Blessings... Sportfish |
