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To: Debbie777 who wrote (107)6/25/1999 10:21:00 AM
From: Jim B  Respond to of 835
 
ATTENTION MMs..

.07 x .10 now

Since the odds are a good portion of you read this... maybe you can help us understand how you plan on making money with .07 x .10?
There is no volume.. thus you dont make anything... yesterday you all made money as volume was well over 1million shares... tighten the spread... volume goes up... widen the spread and volume dries up...

are you doing this to try to pick up cheap shares?? just curiuos cuz I dont see anyone selling their shares to you?? maybe this tactic isn't working? how about one of you get an SI membership and share with us your thoughts on the spread?

stock hit low of 5cents yesterday and ended the day at .09 x .11 and at one point was .10 x .11 ; so maybe you have some info we dont as to why the stock should goto .06 x .10 on 5k in buys and 5k in sells?

if there were sellers lined up at the door to get out at .07 and .06 then i could understand it... but there are no sellers and likely wont be anytime soon.. your comments appreciated.. plenty of MMs have made plenty of money working a stock higher and allowing a fair market to trade... once the volume comes back in you all can make money buying on the bid and selling on the ask as always... the higher volume allows you less profit per trade ... but you still make more... when it's .07 x .10 and noone trades.. then you make nothing... see how this works?? just post your numbers here and we'll give you a call to explain things a little better... sometimes it's hard to figure out the penny market... I'll do what I can to help you. best wishes

jim