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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: mishedlo who wrote (142131)1/8/2002 9:34:10 AM
From: Tommaso  Read Replies (2) of 436258
 
The place to see the market makers really in action is the OTC-BB, where spreads can easily be as high as 25% and more of the value of the stock. Also in trading options. I think the options trading may be a little more carefully supervised, since a couple of times my broker seems to have stepped in and demanded a revised trade when the price switched abruptly against me. But I don't think there's much regulation or any recourse for the penny-stock manipulators who will sudenly drop their bid or raise their ask by 20% or more, seconds after an order is placed, when the bid/ask has been hanging there for hours or even for days--in some cases, weeks.

I figure it's a den of thieves and if I go there I have to get used to the idea that I am being fleeced. The only way to win is to be right in the longer term and do your trading when and if there's enough action in the stock to narrow the spread.
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