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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?

To: Freddie Forte who wrote (6605)	3/16/1998 12:49:00 PM
From: JIN CHUN	Read Replies (1) \| Respond to of 27968

Freddie I agree. If I'm not mistaken, the MM's and the electronic system are obliged to display the best public bid and ask at any given time. This makes for fairer trading IMO. Instead of the MM's posting an arbitrary bid of .64 or.63, for example, if someone wanted to sell at .645 and that was the best bid, then that order would have to be executed if a match was made, and there would be far less collusion by the MM's IMO, simply because the curtain is open. There are proposals at the NASD to reduce the spreads as well, it's on their homepage at nasdaq.com Jin.