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Microcap & Penny Stocks : NCDR
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To: lindend who wrote (1229)6/25/1999 11:15:00 PM
From: Q.  Read Replies (1) of 1440
 
Linden, bid/ask quotes are given by phone. Phone your broker and ask them to phone the MM. I suppose you could phone the MM yourself, too, although you might as well let your broker pay the phone bill.

Mine phoned a MM today, and reported to me a bid/ask. He also reported to me that the MM "felt nervous about the situation." This was the reason given for the wide spread. At the particular moment that he called, the MM told him that there had been a little over 50k shares traded (which does not seem like much to me).

I assume the thin market means that the short position will take some time to cover. It can't all happen in a day or two. So I'm going to be patient.

My broker also said that due to being a pink, he won't accept a GTC order to cover. So I just have to watch the trading to see when it gets to a price that I like.
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