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Microcap & Penny Stocks : APPLIED MEDICAL DEVICES INC (AMDI)
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To: OLD JAKE JUSTUS who wrote (15)7/4/1999 4:39:00 PM
From: Leonard Bertrand  Read Replies (1) of 117
 
I don't know why they are having a difficult time getting a reasonable price. I assume that they are concerned about the spread between the bid and the ask. Lately it seems that the bid has been .005 and the ask .05 which means that if you were to buy the stock and then immediately sell it you would lose 90% of your money. I would hope that the market maker would narrow this spread and encourage more volume. I am curious about why people are buying this stock. Someone must know something.
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