IATV - ACTV Interactive Television Message Board

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Microcap & Penny Stocks : IATV - ACTV Interactive Television

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To: ed doell who wrote (2859)	9/17/1998 5:06:00 PM
From: Mike Fredericks	Read Replies (1) of 4748

Who the heck sells 100 or 300 shares of a $2 stock? Nobody except MMs. Why the so called NASDAQ "market" premits such charades is beyond me. Answer to your question: Those of us who only have $1000 to invest (or less) can only afford 100 to 300 shares of a $2 stock. With internet brokers charging commissions now under $10 in some cases, it's economical. I agree with you that a full-service broker charging $50-$100 in commissions would make this trade silly, but I bought 300 shares last week. I think you are looking for a conspiracy where there is not one. -MIke

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