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Technology Stocks : PCCG - Profitable, small float and goes Internet with IM.

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To: Arrow Hd. who wrote (80)12/20/1999 7:09:00 PM
From: Arrow Hd.  Read Replies (1) of 125
 
Clue, a correction to the previous note since I just noticed that the bid/ask spread is 4 5/8s to 5 1/4 and that is what you undoubtably were referring to. As I mentioned, there are days when this happens but usually in very low volume scenarios. Keep in mind that in October and November there were days that PCCG did not trade at all. That is why I was driving the company on the visibility issue. So the spreads became obscene in some cases and there was simply no liquidity. Maybe volume totally dried up at the end of the day and the MMs went fishing for players. This is not an orderly market here so if buyers want in with volume they need to be careful.
My apologies for the confusion.
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