BANY: Core business growth, exciting affiliations! Message Board

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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations!

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To: Captain Jack who wrote (3424)	12/2/1998 2:56:00 PM
From: Mike Sawyer	Read Replies (1) of 5847

For those that are wondering about those tiny 100 share trades...here's what I was told as near as I can remember. J Saf might be able to expand on this as I think he has some connections and my information is coming from one conversation several years ago with a broker with a MM firm. What I was told is that when a new market maker moves in or when a market maker that has not been active in a stock for a certain time, wants to begin making a market they usually make a minimum trade of 100 shares to open their position. Or something like that...I don't remember exactly how it works. I might get a good laugh from the MM's on that explanation but it's the best I can offer in this confusing world of OTC stocks. Cheers! Mike

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