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Non-Tech : Littlefield Corporation (LTFD) -- Ignore unavailable to you. Want to Upgrade?

To: Musya who wrote (5305)	12/9/1997 2:00:00 PM
From: Que	Respond to of 10368

Musya, I think the narrow (1/32) spread on the warrant is a product of the MMs currently trying to drive the price down. There is too much support at the bid of 3/4 to open the spread downwards - but they haven't made up their minds to let it back up - so they haven't knocked out the thin ask. Also - they must not have a backlog of market orders on the warrant yet. When they get that they will want to open the spread to increase the slippage (the money that slips into their pockets ;-) L.L. & P.