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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: myturn who wrote (29327)2/20/2000 7:49:00 PM
From: Tom Allinder  Read Replies (1) of 150070
 
I trade the OTCBB (primary). I also trade NASDAQ stocks through the ECN ISLAND... Those of you who have used ISLAND to trade NASDAQ stocks realize what a weapon this is... IF WE EVER have the same capability with the OTCBB stocks, it will completely level the playing field with the MMs.

ISLAND is truly a beautiful thing... being able to trade in the spread, knowing where all the other ISLAND players are and knowing exactly how much stock they are looking to buy or sell... Pre/After hours trading with other traders... etc, etc...

On the other hand, ECN capability will open up the OTCBB to the same manipulation seen on the NASDAQ in thinly traded stocks especially pre and post market. Regardless, traders need to be able to compete with these MMs on the OTCBB.

It will be a completely different world once we have ECN capability on the OTCBB.

Tom
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