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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Don Westermeyer who wrote (15726)3/20/1998 8:29:00 PM
From: davep  Read Replies (1) of 95453
 
Don,that article is b.s.The nasdaq has tighter spreads than nyse and much better(fairer price), market executions.The Nyse tightest spread is 1/8 otc is 1/16 and smaller this saves you hundreds when you trade 2000 shares or more.Jerking around with limit orders is wishful thinking and can cost you plenty if stock starts dropping.People have reason to not go market on NYSE and thats cuz no matter how big the spread you'll always get filled on the bid when selling or on the offer when buying(been screwed on nyse with 1/4 spread with market order many times).If i go market on otc i always get filled between the spread even if only 1/8 spread.Scamming takes place on nyse big time but thats the good ole boys network that malcolm and silver spoon steve forbes(daddy's boy) are part of.Its an old article for old farts.Sounds like they got beta envy.If you dont like volatility dont play it but if you want it its there.Its good for the small guy cuz he can build up capital in this lifetime.If p/e's bother them why dont they slam coke(40) or the dow(pe 28 with dramatically declining earnings forecasts) itself.ALthough this article was writtten a few years ago the same notions exist about otc today.In fact i think nyse is less fair than otc now but forbes and the boys will never admit or print that cuz they're every bit the crooked scammers as the nasdaq boys
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