Day trading in Canada Message Board

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Gold/Mining/Energy : Day trading in Canada

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To: keith massey who wrote (824)	10/12/1998 6:12:00 PM
From: Sleeperz	Read Replies (3) of 4467

Ah the Scam of the century. Brokered vs Non-brokered. Brokers make you broker. In the case of Non-brokered, the issue is considered very risky and will not go much anywhere except maybe down. So the broker cold calls every about this great PP they have, any Joe Blow (Re: sucker will do) The brokers make their usual commision. In a Brokered PP, the issue is expected to do well. So the Brokers BUY them all themselve and get their good Buddies and good clients to buy in. So on top of the usual commision they make a good spread on what they paid and what they sell the PP for. CL >>> I think in brokered P.P's the company decides that it want to do a P.P for X amount of dollars. The brokerage then goes out and finds people willing to take down a chunk of the P.P and gets paid for its work. You often see brokered P.P's involving 20 or more people. That is how I have always thought it worked - can anyone correct me?<<<

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