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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Arthur Tang who wrote (1595)4/4/2000 6:24:00 AM
From: Arthur Tang  Read Replies (2) of 1911
 
Bank of America, bank for Ames' revolving credit, is complimentary to Herzog with the traditional brokerage coverage. Analyst recommendation is favorable, where as Herzog does not do any regular stock brokerage office distributions except by the electronic way thru clearing houses.

Market makers of old, tried and true, specializes the distribution of large block to brokerage office to distribute the round lots to customers or clients. The complimentary arrangement between the two leading market makers may prove to stabilize the market of AMES stock.

We will be on the watch for their successes. Montgomery may have to telemarket large block AMES stock to many traditional full service brokers' offices. How market making is changing and still remains to be the same? Electronic thru the clearing houses, traditional thru the brokers' office; the larger the market, the more liquid it is.
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