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Microcap & Penny Stocks : ECNC: BETTING, INC. A WAGER ON NEW GAMING TECHNOLOGY
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To: Fli-by who wrote (1588)3/29/1999 10:44:00 AM
From: bob  Read Replies (1) of 2909
 
When stocks are thinly traded the MM's tend to take advantage for
themselves. For instance, if the bid was $.51 and the ask was $.56
but a sell order comes in without anyone bidding for the stock, the
MM will buy the shares but at a much lower price, thus they lower
the bid. They now hold stock at $.44 and will sell it at $.53, not
a bad return if done several times a day! We need buyers willing
to step up the the plate, it's that simple.
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