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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: Mr. Cellophane Man who wrote (7328)	7/31/1998 8:47:00 PM
From: Colin Cody	Read Replies (1) of 19331

I've never traded or even seriously followed any AMEX companies. EXACTLY THE POINT!!! Who will look at DCI if they move over there? . The AMEX is a Specialist System. Go to the "NEY" BB on S.I. and read about specialist systems. They do NOT show their hand, like the NASDAQ MMs do. They TRADE AHEAD of your orders (did you read about the on-the-floor front-running scandal a few months ago at the NYSE?). You can place a BUY at the ASK and they can IGNORE YOU. You can place a Market Order and they can jerk the price to anywhere they want to. . You can place a stop loss order, and when no one is looking (lunch time, perhaps), they'll trade to themselves, dropping the price a couple points, grab your stop loss order, and then bring the price right back up. And there's not a thing you can do about it - EXCEPT LEAVE THEM THE HELL ALONE. . Colin

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