CMKM Diamonds, Inc. Appoints New Board of Directors’ Members

Last update: 6:48 p.m. EDT Aug. 14, 2008

TYLER, Texas, Aug 14, 2008 (BUSINESS WIRE)—CMKM Diamonds, Inc. CEO and Chairman of the Board Kevin West announced today that shareholders Stan Polsom, Tom Stephenson, and Roger Summers have been named to the Company’s Board of Directors. With the recommendation of the newly formed advisory committee, the Company is now in negotiations with an individual to take over the leadership role as Chief Executive Officer. Kevin West will remain as the Chairman of the Board.
Mr. West stated, “We will continue to forge ahead as we are determined to show our loyal shareholders and the entire business world that this Company will not only survive through the difficult times, but in the end it will flourish.” Mr. West continued, “Regardless of what many will say, we still believe after all this time that our shareholders are our biggest strength.”
Roger Summers served eleven years as a US Navy Hospital Corpsman stationed with 1st BN Fourth Marines, and at the Naval School of Health Sciences in San Diego as clinical coordinator. He is currently president of OG Advisors LLC., providing subcontracted Corporate Due Diligence, Asset Tracking, and Investigations. Summers is also a clinical instructor in Radiography for a nationally-known medical institute.
Summers said, “Having been a shareholder of CMKM Diamonds since March 2004, I am pleased to step forward and join the fight to reclaim what is ours. This company has faced many obstacles since Mr. West has taken over, yet he and our Corporate Counsel, Bill Frizzell, have met every challenge with courage, dedication and veracity. Together we will work to return legitimacy to this company by building upon the foundation laid by their efforts. I am honored to serve the shareholders of CMKM in building a viable, profitable business.”
Tom Stephenson brings a wealth of knowledge and experience with public companies. Tom is a successful private businessman and understands what must be achieved to bring the Company credibility and longevity. His extensive 20-year background in the field of Information Technology will assist the Company in many of the diverse and complex undertakings it is in the process of resolving.
Stephenson stated, “Our role as a team is to effectively represent and promote the interests of all shareholders with a view to adding long term value to the Company’s shares. We are all committed and prepared to make any personal sacrifices to ensure that we fulfill that role. We intend to fulfill our goals by any and all means necessary and with honesty and integrity.”
Stan Polsom brings a diverse background to CMKM Diamonds. He has a degree in Business Administration along with seven years experience in contract law and accounting, specializing in internal audits and control. Polsom has over a decade of training in the petroleum industry, and has been a successful developer and contractor for the past forty-two years.
Polsom stated, “I will do my best to make sure that we as shareholders receive the justice that we deserve for all of the hard work that has been done. We are standing up for what we believe in, and we are going to fight to see that nobody is allowed to just walk over us.”
CMKM was recently awarded a $33,675,365 judgment in a Nevada District Court against former company insider John Edwards. The Company plans to announce the appointment of their new CEO in the very near future and is rapidly moving forward with efforts to recover assets stolen from the Company and its shareholders.
SOURCE: CMKM Diamonds, Inc.
CMKM Diamonds Inc., Tyler
Kevin West 903-262-8397
http://www.cmkmdiamondsinc.com

Day Trading Strategies

By: J. Foley

While day trading is neither illegal nor is it unethical, it can be highly risky. As a trader you will probably fall into two main categories, traders who like to trade the breakout and traders who like to join the trend once established. Most day traders have their favorite markets.

You don’t need to know everything about day trading to succeed as a day trader. More important for the day-trader than others is to have the proper ‘team’ in place. Keep in mind a day-trader with a computer and access to the Internet already has access to a world of information.

Some day traders might buy and sell stocks in minutes, but might also hold some overnight or longer. During the day trading, a day trader will quickly buy a large number of stocks at a time and sell it once they see the stock gain within the day. Some of the more commonly day-traded financial instruments are stocks, stock options, currencies, and a host of futures contracts such as equity index futures, interest-rate futures, and commodity futures.

An investor needs to have a system that helps him to be prepared for all scenarios of a trade. Is Day Trading Right For You? Can day-trading be learned?

With the unlimited potential to earn of daytrading, comes the possibility of great financial loss. The Forex market is the largest financial market in the world with average daily trading of the currencies going over US$1.6 trillion. Day trading doesn’t mean trading every day. Day trading simply means not holding any position beyond the current trading day.

Many day traders make dozens of trades every market day hoping to capture profits that arise from small intraday price fluctuations. Before starting out in the Forex daytrading market we need to make sure we understand the basics of daytrading. Even if you`re starting out with a small day trading float, you should practice good money management.

By simply changing the amount of capital you risk in your day trading, you can turn a system from returning 10% to returning a 100% per annum. As the prices go up and down, the day trader must be alert as to when to sell his stock or wait for the moment to hold on it. Your best chance to make money trading is by following the path of the best traders.

Access to timely information and fast execution of trades is essential to day trade successfully. You must know how to daytrade if you want to be a sucessful daytrader. Some websites have sought to profit from day traders by offering them hot tips and stock picks for a fee.

The application of Fibonacci to trading can be very complex, and take much time and experience to perfect. Day traders go bankrupt because they lose money, not because they don’t make enough money. You’ll need to ascertain for yourself whether you are comfortable with the levels of risk inherent in daytrading..

Do you have the tolerance for the risk involved with day trading? Day traders typically hold stocks anywhere from only a few seconds to several hours but they never keep stocks overnight. Can day-trading be learned? Be aware that day trading does not offer the protection of an advisor who can tell you whether a particular investment is suitable to your financial goals.

Article Written By J. Foley

Stock Picks - Day Trade

Article Source: http://www.fish4articles.com

Learn Technical Indicators part 2

Oscillators are technical indicators that tend to cycle or “oscillate” within a fixed or limited range, and Momentum in general term means strongly movement of prices in a given direction.

Stochastic Oscillator

The Stochastic Oscillator is a momentum indicator, it indicates whether the market is moving to new highs or new lows or is just meandering in the middle. This indicator is based on George Lane ‘s observations.

The Stochastic Oscillator is plotted in two lines Fast %k and Fast %D.

The formula is:
Fast %k = 100 * [( C – L (n) ) / ( H (n) – L (n) )]

Where:
C is the most recent closing price.
L (n) is the low of n previous trading day (or bar).
H (n) is the high price of the same n previous day (or bar).

Usually n is chosen 14.

A 3-period (day or bar) moving average is taken from Fast %k and called Fast %D. Fast %D is used as a signal line in the same way that the moving average of the MACD is used as a signal line for the MACD.

Stochastic Oscillator is plotted in two lines but, usually these lines cross each other many times. Now to smooth the chart, a 3-period moving average is taken from Fast %D and called Slow %D (Also, Fast %D is called Slow %K), so the smoothed chart is plotted with Slow %K and Slow %D.

Using of Stochastic Oscillator

1- Oscillators are used as an overbought/oversold indicator. A buy is signaled when the oscillator moves below 20, and then crosses back above 20. A sell is signaled when the oscillator moves above 80, and then crosses below 80.

2- Also, when %K crosses above or below %D, Buy and sell signals can be given. But, may be crossover occurs frequently in short periods and causes bad results. This using isn’t very common.

Bollinger Bands

John Bollinger created Bollinger Bands in the 1960s; Bollinger Bands are used to determine support and resistance levels. This indicator consists of three lines; the middle line is an exponential moving average of price data and the two outside bands are equal to the moving average plus or minus standard deviation.

Standard Deviation is a statistical measure that indicates volatility of price. The bands will expand when price becomes volatile and they will contract during less volatile periods.

Using of Bollinger Bands

1- Bollinger Bands are used to determine the boundaries of market movements. If a market moved to the upper band or lower band, then there was a good chance that the market would move back to its average. In the other words, when price closes to upper band, market is overbought and when price closes to lower band, market is oversold.

2- Another using of Bollinger bands is that to indicate up-trends and down-trends. If price deflects off the lower band and crosses above moving average then price fluctuate between upper band and moving average, it comes to indicate upper price target. It is visa versa to indicate lower price.