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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: myturn who wrote (29327)2/20/2000 6:35:00 PM
From: LANCE B  Read Replies (1) | Respond to of 150070
 
FROM YOUR FINGERS ON THE KEYBOARD TO THE
MAN UPSTAIR'S EYES....OH THEIR TRULY
WOULD BE A SUPREME BEING IF WE HAD AN
EQUAL TO ISLAND ON THE OTC MARKET...
JUST THE THOUGHT MAKES ME SMILE FROM
EAR TO REAR...



To: myturn who wrote (29327)2/20/2000 7:49:00 PM
From: Tom Allinder  Read Replies (1) | Respond to of 150070
 
I trade the OTCBB (primary). I also trade NASDAQ stocks through the ECN ISLAND... Those of you who have used ISLAND to trade NASDAQ stocks realize what a weapon this is... IF WE EVER have the same capability with the OTCBB stocks, it will completely level the playing field with the MMs.

ISLAND is truly a beautiful thing... being able to trade in the spread, knowing where all the other ISLAND players are and knowing exactly how much stock they are looking to buy or sell... Pre/After hours trading with other traders... etc, etc...

On the other hand, ECN capability will open up the OTCBB to the same manipulation seen on the NASDAQ in thinly traded stocks especially pre and post market. Regardless, traders need to be able to compete with these MMs on the OTCBB.

It will be a completely different world once we have ECN capability on the OTCBB.

Tom



To: myturn who wrote (29327)2/20/2000 7:59:00 PM
From: Honor+Integrity  Respond to of 150070
 
RG--Good post and good advice. I especially like the disclaimer. Gotta get me one of those. LOL



To: myturn who wrote (29327)2/20/2000 8:41:00 PM
From: Russ B  Read Replies (1) | Respond to of 150070
 
NO MM'S WOULD BE BETTER..

That is an interesting scenario, one I believe could exist.. I'm convinced these damn MM's should not even exist because they hardly create a fair market for stocks.. Seems like their interest's are for themseleves and not investors.. It is truly frustrating how this all works, and as investors, we should have the choice to use them or not.. After all if it wasn't for us, they would be no OTCBB trades, if we all pulled out, the MM's would perish..

I'll have to follow this one, could get interesting.. And yes, most importantly, WE MUST ALL WATCH EACH OTHERS BACKS!



To: myturn who wrote (29327)2/20/2000 11:20:00 PM
From: star56  Read Replies (1) | Respond to of 150070
 
Good post RG.
Just saw Boiler Room myself. Extremely poor movie-making, but makes one wonder about the crookedness of some people.



To: myturn who wrote (29327)2/21/2000 10:11:00 PM
From: Investor Clouseau  Respond to of 150070
 
>>>Now, the SEC needs to allow ISLAND on the OTC market.<<<

It's my belief that the SEC does allow for ECN's on the OTCBB. There are companies working on it as we speak.

:)
IC