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Microcap & Penny Stocks : NCDR -- Ignore unavailable to you. Want to Upgrade?

To: Janice Shell who wrote (917)	6/13/1999 7:16:00 PM
From: Arthur_Porcari	Respond to of 1440

Janice, Wanna bet?

To: Janice Shell who wrote (917)	6/13/1999 8:13:00 PM
From: afrayem onigwecher	Read Replies (2) \| Respond to of 1440

NCDR will trade on fri 6/25/99..one problem..no market makers will be allowed to trade the stock due the 15c2-11 requirement. this means that current finnacial info has to be provided by the company to the NASD and market makers and then has to be cleared for trading by NASD regulation.this process could take 3 days or 5 . according to them, stocks that are suspended by the sec have a very difficult time getting clearance. However, recently, a number of stocks (for example IBUY ) appear to have traded post-halt without the benefit of market makers. I believe they are trading through Instinet, ECNs and/or internal brokerage matching of retail customer buy and sell orders without benefit of market makers. Unfortunately this often leads to a very volatile market due to the often large 'spreads' between customers' bid and ask prices. For example the price range of IBUY the first day was $7.00 to $25.00 on only 49.000 shares traded. Further details on IBUY trading soon after the end of the trading suspension can be found in: SHOPPING.COM SHS CASH SETTLEMENT AT Prices Available: 11/25/97 through 04/23/99 Ticker: IBUY Date __ Volume High/Ask Low/Bid Close -------- ---------- ---------- ---------- ---------- 03/23/98 - 300,600 - 28 1/2 - 22 -22 1/4 temporary suspension Date- - Volume - High - Low - - Close 04/07/98 - 49,100 - 25 - 7 - 18 04/08/98 - 37,300 - 22 - 18 - 21 04/09/98 - 14,200 - 22 - 18 - 19 3/4 04/13/98 - 15,500 - 21 - 17 - 21 04/14/98 - 43,200 - 22 1/2 - 18 - 21 5/8 04/15/98 - 19,600 - 23 - 20 - 22 1/2 04/16/98 - 45,300 - 26 - 19 - 21 3/4 04/17/98 - 46,000 - 25 - 21 - 21 04/20/98 - 30,000 - 24 - 21 - 22 1/2 04/21/98 - 15,900 - 24 - 21 - 21 1/2 04/22/98 - 8,200 - 24 - 20 - 22 7/8 04/23/98 - 8,100 - 25 - 17 - 22