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Microcap & Penny Stocks : Starnet...Clicktoplay...STEN
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To: Fred Davis who wrote (679)1/5/1999 1:59:00 PM
From: Roy F. Baker  Read Replies (2) of 1071
 
The first 2 trades today were a buy and a sell, yet the chart called both at 1 5/8. Since that is not normal, one can only deduce MM trades. The flow of trades only started when the spread was reduced. Which only reinforces my comments from yesterday. Big spread no volume - small spread MM makes money. Unless they are independently wealthy I would think they would learn to keep the spread tighter.

Regards,

Roy
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