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Gold/Mining/Energy : Naxos Resources (NAXOF) -- Ignore unavailable to you. Want to Upgrade?


To: Eric Tai who wrote (5383)11/7/1997 5:46:00 PM
From: Bill Jackson  Respond to of 20681
 
Eric, in addition to the spread of half a point (5%) you pay the 1% commission. So on naxos at 9 it must make 12% for you to break even. Killing fields set up by brokers in my opinion. With full decimal electronic trading day work would be far easier. It would need an active listing/price matching site with secure $ transmission. You would look and see what was there buy/sell and you either buy or sell at those prices or go in between and let others choose. The brokers are figting this tooth and nail, because they would be dead in a flash

Bill