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Non-Tech : MB TRADING

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To: Shoot1st who wrote (2223)	11/24/1998 11:43:00 PM
From: Colin Cody	Read Replies (1) of 7382

Shoot, you say "SWST shows that they will sell 5k at .25...Mack at X said they don't have to sell it since the market is .23 to .27...I asked why then don't they show their offer at .27?" If the inside quote was .23 by .27 then obviously no one was offering stock for .25, otherwise the inside quote woulda been .23 by .25 (g) The question may be WHERE did you get the idea that someone was asking .25? perhaps it was a stale quote?? the OTC-BB has more stale quotes than the NASDAQ, IMO. Now, on the OTC-BB there are some real gonifs, and they pull away when a retail broker calls them. Can they "do this"? Not "legally" but there are some bad people out there. The good retail houses will just avoid them altogether and deal with the regular wholesalers. FYI: The OTC Bulletin Board® is a dealer-driven, quotation service that operates daily from 7:30 a.m. to 6:30 p.m. ET. All Nasdaq® Market Makers are eligible, and at present over 420 Market Makers participate in this service. Market Makers may enter one-sided, two-sided, or unpriced (indicative) quotes. This link shows the minimum quote size rule for the OTC-BB otcbb.com

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