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Gold/Mining/Energy : Stillwater Mining (PGMS) - pure platinum/palladium play
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To: Richard Mazzarella who wrote (38)11/1/1996 3:06:00 PM
From: Frank Byers   of 182
 
I think you were right about the bid/ask difference being an indicator of the bottom. I placed a buy at $15 1/2, when the bid was 3/8 and the ask was at 7/8, so the spread at that time was 1/2. Looks like the price is firming up, now at 16 3/8. Don't think my order will fill.

How did you find out that a large bid/ask differential is an indicator that the bottom is being formed??

thanks
Frank
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