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Microcap & Penny Stocks : Comparator Systems (IDID),Atlanta, May 14-16

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To: Steven Seefeldt who wrote (1236)12/16/1996 7:10:00 PM
From: David Lee   of 1301
 
Dear Steven, I did buy it at .015 cent per share through A.G. Edwards and Sons. Generally when I purchase stock at rates that seem really hard to get, I go through a full service broker. Discount brokers, as you may already know, will not put in that extra effort. My broker bought 4,000 at about 11:25 and another 3,000 at about 2:10. I requested her to buy 20,000 but at that bid, the price dropped to that level on 2 times and stayed there for only a few minutes. At this kind of volume, the price is up and down so fast that it has to hit that level sometime. (volitility of 389) It was really lucky. I have been watching this company for a long time - I have a great interest in SEC lawsuits and will soon be entering into that field when I take the bar exam next summer. Don't fret, my friend bought 7,000 shares and the best price he could get was .03 cents. To me a discount broker is great when you buy at market price or to buy and sell at a given price; but you don't really save much on a buy like IDID so a full service broker is really great. My commission on this buy was around $25.- Steve this is the only reason I would ever use a full service broker. In fact I have 3 brokers - one full service, one discount and one deep discount. I do all the reseach and calling around so why have a full service. I like the idea of what IDID are doing but that doesn't mean a thing. I like what TCHP is doing months ago when they were at $5.- but I just didn't see a market for them yet. Luckly, I didn't buy because they have done nothing but go down to less than .50 cents. I put that price in at .015 cents for 3 straight days. I think my broker was getting sick of me! I expect a full discount broker to wash my car, pet my cat or do the very best with my money. My broker is exciting to talk to. She is in the office by 6:30 every morning planning for the market. She just loves what she does and I will gladly pay for someone like that? Full Service Broker - Some people swear by them and other swear at them!David Lee
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