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Microcap & Penny Stocks : Corporate Vision (CVIA) -- Ignore unavailable to you. Want to Upgrade?

To: J.R. who wrote (426)	11/17/1997 11:24:00 AM
From: Wayne J.	Read Replies (1) \| Respond to of 6654

Hello! J.R. I know this doesn't answer your question from a technical point of view, but here is the feed back that I got today regarding the CVIA sizing! I live in Canada, the Brokers that I deal with thus far are Canadian Brokers ( both full-service? and discount Brokers!). The feedback that I always get back from Canadian Brokers is that I should be very careful when trading Nasdaqu B.B. stocks, because they tell me that it is very difficult to get any legitimate sizing on any B.B. stock! ( I am fully aware that on the other side of the coin , that most U.S. Borkers advise U.S Residents against trading on specific Canadian Stock Exchanges--for the same reasons, lack of information, buying usually done at the offer, selling is done at the ask!) Anyway! When I asked three different Broker representatives today about the sizing of CVIA they all said 50x50 Blocks! I mentioned to them that was nonsense! I asked to speak to their superiors etc,--the bottom line was the old line that I have heard a million times before! " There is not much information that we can find out because the Market Makers have the Canadian Brokers , and Investors at their "WHIM!". The discount brokers seemed to think that the major Market Maker that influences many Nasdaqu B.B. stocks as they are traded by Canadian Brokers is "HERZOG!"????? CVIA is only my second stock that I have invested in the NASDAQU B.B.--so I am at a very elementary learning stage in understanding why I can't get a proper/actual sizing on NASDAQU B.B. Stocks! It also looks like the Canadian Brokers had bettor get their act together, up to now they are charging outragious commission rates and providing very little in return! And my own opinion ( with the odd exception!)-----is that the so called "Full Service Canadian Brokers" had bettor get their act together very quickly , or my hunch is that over time several Canadian Investors are going to be looking for some serious alternatives ! J.R.---I also asked for the sizing on 5 different stocks, and guess what ---Yes! The sizing was 50x50 on all of them! Best Regards! Wayne J.

To: J.R. who wrote (426)	11/17/1997 1:02:00 PM
From: Brad	Respond to of 6654

J.R., OTC-BBs are handled much differently than big board stuff. 50x50 is simply what the MMs are willing to COMMIT to Buy or Sell at the quoted price. If they make the trades, and stock is moving at a balanced rate, they might stay at 50x50 but keep trading all day long at the same Bid/Ask. If the trading slows up or becomes UNbalanced, they adjust the Bid/Ask to keep things moving. They don't make money unless there are trades going through. For various reasons, OTC-BB trading is not as automated as big stuff and time & sales charts are not as current. So you might see some trades come through a bit late. Sometimes you'll see buys or sells "bunched" together. I don't know if this is intentional, but it happens often. So be aware of it. Essentially, trading OTC-BBs is a "different world" from big board stuff. And it takes time to learn. Be patient. You'll see that sometimes size is a critical factor and other times it makes little difference. With close observation, you will probably start to get a "feel" for when the size is significant. Best wishes, Brad