AFC Cable Systems (AFCX) Message Board

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Non-Tech : AFC Cable Systems (AFCX)

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To: Subhankar Ray who wrote (5)	1/9/1997 5:28:00 AM
From: Sid Turtlman	of 42

Subhankar: The spread is so wide because the stock is down to two marketmakers. This is happening in a lot of relatively quiet stocks. The various new rules about trading are reducing the profits of the market makers, so they are cutting back their exposure. In other words, the SEC and NASD are trying to make NASDAQ more "fair" to the public investor; at the rate things are going, NASDAQ will become so darn fair that it will cease to exist. AFCX's cables are almost entirely electrical cable, not communications lines. (If it were data type cables, with AFCX's record, the stock would probably be $75 now.)

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