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Technology Stocks : Identix (IDNX)

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To: brad greene who wrote (13076)4/18/1999 2:22:00 PM
From: J L Segal   of 26039
 
Brad & IDX option players - the 4/26 Business Week had a very interesting cover story in their latest issue about "major improprieties" at the AMEX,
including price-fixing in the options market. What a surprise.
Apparently the bid/offer prices you see quoted, with their large spreads,
are put up by the specialists. They do not reveal to the public what the
(better prices of the) market makers bids/offers are.
Gosh, we could have told them that a long time ago!
The answer - you'll most likely be able to get filled at a better price if you go through a brokerage firm that employs an experienced floor trader at the AMEX, as
they will be able to deal directly with the market makers.

JL
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