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Technology Stocks : Systemsoft Inc. (SYSF)

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To: Brian Fuller who wrote (189)8/19/1996 2:32:00 PM
From: Hy Q. Vu   of 3529
 
Brian, sorry for the post 190 which I meant for ChiTao. I figured out
what I need to do to keep the addressing correct. As for your post 189:
I see the first trading hour this morning, small investors sold 300, 200 & 300 shares at 24.75/s and
others bought 500 and 500 lots at 25.50/s. The .75 spread or 3% cannot be maintained consistently unless
there is a concerted effort among the 5 dealers. I do not want to make it sound like a collusion since
even the SEC has hardtime with it.

Re nasdaq: If you do feel like having to trade NASDAQ stocks then select ones which only have spread at 1/8 or less.
Do a simple calc and you will find how much money the middlemen are making annually with sysf spread
and you will see that when there's lots of money in it for them, small investors become nothing and we
should not mess around with it. Remember if we can use this chat to communicate then the "sponsors" can also
use this medium to tout their hype.

Your analysis and observation are excellent. I am waiting for it to break above the neck line to buy & sell
but if it could not make new high but rather a lower high then it has a good chance to test the low of 13.125
(7/16) If a lower high is resistance then a lower low is probable a E-Wavers would say.

It's my 2 cents and remember I still have to do software to support my trading habit.
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