SEC suspends trading CYNK technologies, possible manipulation

Discussion in 'Stocks' started by dealmaker, Jul 11, 2014.

  1. I issued the sell in the 20's
     
    #11     Jul 13, 2014
  2. How is this diff than 1000 other co's that trade daily?
     
    #12     Jul 13, 2014
  3. Easy .... this stock is possibly being manipulated. The other stocks have a plunge protection team behind them, not to mention QE, always up Tuesdays, an army of talking heads constantly asking if this is the time to buy, liquidity providers, corporations buying their own shares to fund their executive option grant programs etc.

    Legal vs illegal .... it can't be more clear than that!

    BTW, ETF symbols SOAR and SINK (100 times levered funds) were used already in this interesting story about irrational behavior: http://dripinvesting.org/boards/Read.asp?MID=115629&Thread=Yes

    ".... The extreme leverage employed will cause both funds to go bankrupt within the course of most trading days. However, those paying attention during the day will be able to manoeuvre in and out of the funds before they crash to zero....."
     
    #13     Jul 13, 2014
  4. As I suspected, diff only in a matter of degree .

    Thanks for clearing it up.
     
    #14     Jul 14, 2014
  5. YW. That matter of degree would most likely be a legal degree IMO. For example - insider trading congress - legal, the rest of humanity - illegal. Does that clear it up for you? I don't know why it is so hard to grasp. “If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.” ― Warren Buffett


    Here is a market maker explaining how to CYNK one's position (and one's position):

    http://www.zerohedge.com/news/2014-07-15/cynk-short-squeeze-scam-costs-trader-his-job

    Interesting quote:
    ".... OTC Markets Group Inc., which runs the trading venue once known as the pink sheets, marks questionable stocks on its website to warn investors..."

    I honestly feel sorry for the fellow in the article.

    Here is a trading rule for newbies.... If the pink sheet people say it's a scam, then run away .... like .... the .... wind. They certainly know what a Stock Chart Appearing Made-up (SCAM) would look like.
     
    #15     Jul 15, 2014
  6. 1011011

    1011011

    this stock should be worth fucking zero when it opens up.

    wtf - can a company with one employee, which includes the asshole that created this pump and dump piece of shit stock, can be worth 6 billion in a matter of days?

    where the fuck is the SEC in preventing this stock from listing on an exchange in the first place? - fuck and egg man, when will the fuck - will the SEC going to catch these pump and dump piece of shit stocks and fuckers that decide to create ponzi schemes - BEFORE the shit hits the fan and many investors get financially fucked in the ass?
     
    #16     Jul 15, 2014
  7. this shitz been going on for years. what should happen is, as soon as these scams come to light, the sec should halt trading, the fbi should arrest all principles, and the dept of corrections should dust off the electric chairs.

    short of that , the Stock777 Solution(c), the public will continue to be sodomized.

    [​IMG]
     
    #17     Jul 15, 2014