Anthony, I think this post says it all about these on-line brokers and hopefully the gentleman won't mind me copying it over here. IMO, this guy is very well respected.
To: Rande Is (2742 )
From: William Jepsen
Wednesday, Feb 3 1999 5:59PM ET
Reply # of 2751
This I-nut broker craze is sort of amusing, and I'll tell you why.
Last Nov or so, MHMY, for one example, posted a loss of .43, and they warned of more trouble in
their sec filings because of the nasdaq rule changes regarding bid/ask spreads and other little profit
killers.
Just a thought, 'cause the lot of them were in tube city, and now they are the darlings of the world.
Just a day trade for me....... |
