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Gold/Mining/Energy : Mongolia Gold Resources

MGR 21.28

+0.5%

Nov 21 9:30 AM EST

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To: d:oug who wrote (2562)	9/2/1998 10:35:00 PM
From: Bill Jackson	of 4066

Doug, You will be better off putting it in for 5000 shares and then doing it next day. The MM will see a need for 50,000 shares and the ask will stiffen and go up a few cents or more. That is how the MM make $$ from us por saps. If the bid ask is 4-5 try at 4.5 cents as often the MM will get his client to come down a half cent.(10% of the price). This is called going in between and places you ahead of the fellow already sitting there at 4 cents. Think of the market maker as a weasel who makes money from trades. In a down market condition if you put in a sell order he may go in between and sell it for more than you get as in a down market the spread opens up as people get afraid and pull their offers down. Same on an uptrend, he may buy from you at 12 cents and sell to another at 13 cents, making a cent in between on you. Unless you have a broker who is a lifelong friend and you have a sharp knife close to his vas deferens do not leave open orders to a brokers discretion. Get a real time quote service and e-trade and run in between your self. Bill

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