Bid /Ask Spreads - Market Manipulation Message Board

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Non-Tech : Bid /Ask Spreads - Market Manipulation

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To: Kevin Thompson who wrote (63)	9/13/1996 7:23:00 PM
From: Royalcoachman	of 308

Dear Kevin, You should also know that your discount broker is getting paid by the Market-maker for directing the orderr to that specific market-maker. This payment can be as much as 3 cents per share. Did your discount broker disclose to you that he received $150.00 in addition to your agency commission? Furthermore, there are bids and offers that are only known among marketmakers and are not disclosed to the public. This is the reason that commissions on market orders are so cheap. Even the market orders for exchange listed stocks are directed off the exchange to a Third Market trader. If you are going to trade thin stocks then you have to find a trader at a brokerage firm that knows how to execute orders in thin stocks. David Corna *********************************************************** If you would like to receive the Investment Reporter Magazine and reports on small companies, send your e-mail address to: InvestRptr@aol.com. Include the words "subscribe magazine" in the subject. This is a free service. ***********************************************************

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