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Pastimes : SI International Ope' Stock Picking Contest
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To: Cheeky Kid who wrote (1808)10/1/1998 1:37:00 PM
From: sonyNchair  Read Replies (2) of 2640
 
Forest, thanks for your work on the contest. Two small problems I would appreciate your looking into when you get a chance. I checked the bid and asked prices of my contest picks after the close of the market on 9/30/98 with my broker, Waterhouse Securities. Your ask price matched theirs for MVIS, CN, and MO. But your quotes for AXC and LZB were less favorable to me than the quotes I got from Waterhouse. Waterhouse quoted:

AXC - bid $1.0625 ask $1.125 (your service quoted ask $1.1875)
LZB - bid $19.375 ask $ 19.75 ( your service quoted ask $20.125)

I promise I won't quibble over the bid prices until 12/31/98, but could you please double check those 2 ask prices. I can half way understand the extra 1/16 on AXC, but going over 5% in the hole due to a bid-ask spread loss on LZB, which is a liquid NYSE stock seems out of line. That size spread sure is a strong argument for a buy and hold strategy.
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