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Technology Stocks : CAWS - Wireless Cable (New and Improved)

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To: Kirce Stojanovski who wrote (12)10/31/1996 12:35:00 PM
From: Jeff Clegg   of 5812
 
To Anyone & Everyone,

I have been noticing the trades on CAWS and have seen quite a few trades for 100 shares. Now, at a price of 3 1/2 that means someone is buying $350 worth of stock. Now, the cheapest (that I know of) commission would be $15 to buy and another $15 to sell for a total of $30. That would require a mininum return of 8.57% just to break even.

Who would do this and why? If anyone is out there who has done this please explain for I am quite puzzled. Thanks.

Regards,
Jeff
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