Tokyo Joe's Cafe / Societe Anonyme/No Pennies Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: TokyoMex who wrote (30988)	12/18/1998 3:00:00 PM
From: chickenman	Read Replies (2) of 119973

CMGI... how do they do such a large spread... 97 7/8 bid... 98 3/16 ask... seems like all people with ARCA or SOES with direct execution would buy at the BID price and sell at the ASK price all day long... making at least 1/4 point... 1000 shares would yield $250 per trip... do that 10 times today and voila... easy money... so why such a large spread in the bid/ask... and anyone doing what i just described...? chickenman

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