SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: SargeK who wrote (50541)9/7/1999 5:59:00 PM
From: The Ox  Read Replies (2) | Respond to of 95453
 
You have got to be kidding, SargeK. You say that the spread on HMAR is only 1/16 so the market maker's not making a fortune off you but you fail to see the obvious. At the current price, 1/16 is 11% of the stock's price!! Now that's some spread if you ask me!!

That's like SLB having a $6+ spread!!

It's one thing to say that HMAR is a gamble you've decided to play but it's another to downplay the cost. I find an 11% spread a bit too much to give to the market maker.

Good luck and just my opinion
Michael