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To: RWReeves who wrote (267)	12/21/1999 12:55:00 AM
From: Mike McFarland	Respond to of 743

Spreads: Of course the commission is trivial, but yes the spreads are insane. Wasn't there some talk of going to the decimal system on this stuff-- thoes warrants should be .25 by .26--I think they are quoted now as 1/4 by 3/8ths, that is nuts--if computers are programmed to do these transactions, let them--the MM becomes the investor with all the advantage, he can load up and then shut down the trading, not that there is an awful lot of money changing hands down here in penny land.