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Microcap & Penny Stocks : FRANKLIN TELECOM (FTEL)
FTEL 3.220-1.5%Jan 16 9:30 AM EST
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To: Pat Garaffa who wrote (30627)3/20/1998 11:51:00 AM
From: William Harvey  Read Replies (1) of 41046
 
Pat,

Usually, a spread will only move 1/2 the distance of the spread at any time so it's either the bid/offer of one spread or a neutral on the other. Like I say, it's so rare that the MMs actually match a trade that I call it the bid/offer rather than the neutral. Maybe that explains the computerized trades as well.

Maybe those 42k trades were stopping up the system. They looked like a buy and a sell to me. Go figure.

WH
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