Thursday, August 28, 2008

MMTE

Starting to work on these .0018's

QMNM getting short covering pops IMO (from .007 Tuesday & from .008 today)

3 comments:

thesticklawson said...

dont believe we will get through them today 12 mil volume is preety sad. These mm's really tick me off sometimes. Joe maybe you know who controls the mm's the CEO?

thesticklawson said...

just give me 1 100 million day and this baby will hit .01 its so coiled at this point.

JoeGoog23 said...

Exactly, I LOVE the chart as it is. I think the MM's have people assigned to certain stocks just to flip. Seen it here and with QMNM. You'll see a lot of:

195,000 @ .002
195,000 @ .0019

Thats when you know they are flipping. 5% is nice if you can do it 20 times a day so in principal they should do well. But if you look at (NITE)Knight Management's last quarter, they had a pretty awful 3 months.

As far as the CEO's i'd assume they have to use the MM's to sell the new shares??? I think the transfer agent issues them so that they become outstanding, then the MM's sell them for the CEO to raise capital or dilute?

JMO, not sure how that works!!