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Strategies & Market Trends : Value Investing
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To: jeffbas who wrote (5780)1/14/1999 2:29:00 PM
From: peter michaelson  Read Replies (1) of 78628
 
Jeffrey:

If you can reliably buy at the bid and sell at the ask, then you can be a billionaire within a year.

Just take a stock at a wide spread, and trade it all day long.

I submit, you cannot do it reliably.

Peter
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