To: Robert Graham who wrote (1944 ) 12/8/1997 10:48:00 AM From: steve goldman Read Replies (3) | Respond to of 4969
Robert G., Forget about the large blocks, we all know it helps there, but what about 300 shares or 500 or 1000 shares. What's 1/8 on 300? What if that 1/8 could become 3/8 on the 300? 300 or 30,000, you don't know how much it might be because regardless of your size, some of these firms interests are opposed to yours. There isn't some magical force out there that buys your stock from you on your market order. Part of it is that many do not know what else is out there. How many of you have even looked into other firms outside the new, online, discount brokers or the old-style full service firms? It just becomes easier to accept those that advertise the most. All I am saying is that there are viable, good alternatives out there, whatever your size, your strategy. If you were a mutual fund trader, there are certain firms which "specialize in that area", bond trader, we are not your ticket, IPOs, EGRP doesnt do it. Someone had stated that PT Discounters had a similar approach...ATFI does some work in this area...so do we.. Don, when I say something like <<we could do it for $20 and be profitable>> I am explaining the elements of the brokerage industry and explaining how the business of brokering works. Its important to understand the game in which you play. Since these firms takethis principal stance, their motivations,etc. are relevant. I don't see anyone else explaining this up here and I think it is relevant and important. I know you are a strong believer in your intuitive-feel trading, but others might need a few more technical components and substantive knowledge of the marketplace to succeed. If you don't, pass it right by. I thought you and I had gotten past these little chops. It totally distracted the threads for a few days, lets not head back in that direction. Small and midcaps seems to be perking up but bigcaps giving some back whichis hurting the averages. Tech has life again. Regards, Steve@yamner.com