yadayada Posted June 26, 2014 Posted June 26, 2014 what have been some outliers? I found this one https://www.google.com/finance?q=OTCMKTS%3ACYNK&ei=HH-rU_i8MumgwwPiuoGQBg A company valued at 700m$ with no assets, no revenue and no website lol. Would also love to hear some the other way around :)
jschembs Posted June 26, 2014 Posted June 26, 2014 what have been some outliers? I found this one https://www.google.com/finance?q=OTCMKTS%3ACYNK&ei=HH-rU_i8MumgwwPiuoGQBg A company valued at 700m$ with no assets, no revenue and no website lol. Would also love to hear some the other way around :) LOVE the business description: "The Company intends to develop a social network business."
yadayada Posted June 26, 2014 Author Posted June 26, 2014 haha it was at over a billion$ at some point. What the hell is going on there? is it some kind of money laundering sceme or something? People cannot be that stupid.
randomep Posted June 26, 2014 Posted June 26, 2014 what have been some outliers? I found this one https://www.google.com/finance?q=OTCMKTS%3ACYNK&ei=HH-rU_i8MumgwwPiuoGQBg A company valued at 700m$ with no assets, no revenue and no website lol. Would also love to hear some the other way around :) LOVE the business description: "The Company intends to develop a social network business." I had a shitty day till I read this, thanks
jschembs Posted June 26, 2014 Posted June 26, 2014 haha it was at over a billion$ at some point. What the hell is going on there? is it some kind of money laundering sceme or something? People cannot be that stupid. People are being that stupid left and right in this market.
WolfOfMainStreet Posted June 26, 2014 Posted June 26, 2014 haha it was at over a billion$ at some point. What the hell is going on there? is it some kind of money laundering sceme or something? People cannot be that stupid. People are being that stupid left and right in this market. Creates lots of opportunities for us haha Also: http://www.otcmarkets.com/financialReportViewer?symbol=CYNK&id=122455
jschembs Posted June 26, 2014 Posted June 26, 2014 haha it was at over a billion$ at some point. What the hell is going on there? is it some kind of money laundering sceme or something? People cannot be that stupid. People are being that stupid left and right in this market. Creates lots of opportunities for us haha Also: http://www.otcmarkets.com/financialReportViewer?symbol=CYNK&id=122455 Incredible...the cash flow statement makes no sense (some totals don't even foot), and is that really $39 in assets they have? Too bad it's probably impossible to take any position on something like this, other than slapping anyone who tells you they're long.
peter1234 Posted June 26, 2014 Posted June 26, 2014 Here is how you turn $39 in assets into $700M. ;D http://seekingalpha.com/article/2274553-cynk-technology-promoters-push-market-cap-to-655-million-despite-39-in-assets-and-no-revenue-100-percent-downside
wachtwoord Posted June 26, 2014 Posted June 26, 2014 I never shorted anything I generally think it's a bad idea. Having said this: I so want to short this :P
yadayada Posted June 26, 2014 Author Posted June 26, 2014 LMAO. How did you find this? from the VIC thread on good short ideas.
peter1234 Posted June 26, 2014 Posted June 26, 2014 LMAO. How did you find this? from the VIC thread on good short ideas. Being overvalued and being a good short is slightly different. It just might run up another 37x and then being valued at 26b... ;D
augustabound Posted June 26, 2014 Posted June 26, 2014 Up 12.5% as of 10:30, who's buying? ;D Fifty-two week range from 6c to $5.40. That's almost a 10000% return, it's money in the bank. Google finance shows one rogue trade last July for 100 shares at $20. Damn market orders.
randomep Posted June 26, 2014 Posted June 26, 2014 Up 12.5% as of 10:30, who's buying? ;D Fifty-two week range from 6c to $5.40. That's almost a 10000% return, it's money in the bank. Google finance shows one rogue trade last July for 100 shares at $20. Damn market orders. couldn't it simply be insiders buying and selling to their friends to manipulate the price?
augustabound Posted June 26, 2014 Posted June 26, 2014 Up 12.5% as of 10:30, who's buying? ;D Fifty-two week range from 6c to $5.40. That's almost a 10000% return, it's money in the bank. Google finance shows one rogue trade last July for 100 shares at $20. Damn market orders. couldn't it simply be insiders buying and selling to their friends to manipulate the price? I was making a joke.
randomep Posted June 26, 2014 Posted June 26, 2014 Up 12.5% as of 10:30, who's buying? ;D Fifty-two week range from 6c to $5.40. That's almost a 10000% return, it's money in the bank. Google finance shows one rogue trade last July for 100 shares at $20. Damn market orders. couldn't it simply be insiders buying and selling to their friends to manipulate the price? I was making a joke. Regardless if it was a joke or not, I asked a question: is it likely that it is insiders that are on one side or the other of all these trades? I was looking for a Y/N answer.....
augustabound Posted June 26, 2014 Posted June 26, 2014 Up 12.5% as of 10:30, who's buying? ;D Fifty-two week range from 6c to $5.40. That's almost a 10000% return, it's money in the bank. Google finance shows one rogue trade last July for 100 shares at $20. Damn market orders. couldn't it simply be insiders buying and selling to their friends to manipulate the price? I was making a joke. Regardless if it was a joke or not, I asked a question: is it likely that it is insiders that are on one side or the other of all these trades? I was looking for a Y/N answer..... Just to appease you I'll answer a definite, maybe.
gary17 Posted June 26, 2014 Posted June 26, 2014 up 18% today - do this 5 times this year you beat Mr. Market :)
randomep Posted June 26, 2014 Posted June 26, 2014 Up 12.5% as of 10:30, who's buying? ;D Fifty-two week range from 6c to $5.40. That's almost a 10000% return, it's money in the bank. Google finance shows one rogue trade last July for 100 shares at $20. Damn market orders. couldn't it simply be insiders buying and selling to their friends to manipulate the price? I was making a joke. Regardless if it was a joke or not, I asked a question: is it likely that it is insiders that are on one side or the other of all these trades? I was looking for a Y/N answer..... Just to appease you I'll answer a definite, maybe. Thank you I feel much better.
augustabound Posted June 26, 2014 Posted June 26, 2014 Thank you I feel much better. In all seriousness the manipulation was my first thought too.
WolfOfMainStreet Posted June 27, 2014 Posted June 27, 2014 More laughs: "Mr. Marlon L. Sanchez is President, CEO, CFO, Secretary, Treasurer & CAO at Cynk Technology Corp. and Partner at Sanchez Medical Services" http://www.4-traders.com/business-leaders/Marlon-Sanchez-0D46SL-E/biography/ What do you say guys (and gals)? Seems like an honest Joe. I mean Facebook and LinkedIn are kind of getting boring, maybe he's got a good idea here? I mean he's like a CEO, CFO, and CAO looks like he knows his stuff.
yadayada Posted June 27, 2014 Author Posted June 27, 2014 More laughs: "Mr. Marlon L. Sanchez is President, CEO, CFO, Secretary, Treasurer & CAO at Cynk Technology Corp. and Partner at Sanchez Medical Services" http://www.4-traders.com/business-leaders/Marlon-Sanchez-0D46SL-E/biography/ What do you say guys (and gals)? Seems like an honest Joe. I mean Facebook and LinkedIn are kind of getting boring, maybe he's got a good idea here? I mean he's like a CEO, CFO, and CAO looks like he knows his stuff. CEO, CFO and CAO at the same time??? http://cdn.wegotthiscovered.com/wp-content/uploads/wolf-of-wall-street-02_0.jpg
WolfOfMainStreet Posted June 27, 2014 Posted June 27, 2014 More laughs: "Mr. Marlon L. Sanchez is President, CEO, CFO, Secretary, Treasurer & CAO at Cynk Technology Corp. and Partner at Sanchez Medical Services" http://www.4-traders.com/business-leaders/Marlon-Sanchez-0D46SL-E/biography/ What do you say guys (and gals)? Seems like an honest Joe. I mean Facebook and LinkedIn are kind of getting boring, maybe he's got a good idea here? I mean he's like a CEO, CFO, and CAO looks like he knows his stuff. CEO, CFO and CAO at the same time??? http://cdn.wegotthiscovered.com/wp-content/uploads/wolf-of-wall-street-02_0.jpg You can't just make this stuff up, man must be a legend. He's a doctor too apparently. http://www.quickmeme.com/img/75/75b36407ad5678b7a9150525902ca39b57a99b1b492a189d9e34ecc79c6aafdd.jpg
dpetrescu Posted June 27, 2014 Posted June 27, 2014 So the single owner has 70% of the shares. Can he really unload all his shares just based on an excited, unknowing 30% before the whole thing collapses exponentially? Reminds me of a section from reminiscences of a stock operator. Seems like there should be some offshoot of the SEC that protects traders from manipulation like this.
orion Posted July 1, 2014 Posted July 1, 2014 IB showing me 58.2K shares available to sell short... tempting.
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