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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: davep who wrote (15568)	3/19/1998 6:58:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Thread, there is a story on Bloomberg regarding Shell spending $1 billion to develop three GOM oil and gas projects to add 300 million barrels of oil to its reserve base. I don't subscribe, but here's the link to the headline. Looks like big oil is stepping up to the plate yet again. bloomberg.com

To: davep who wrote (15568)	3/20/1998 8:23:00 AM
From: Zog	Respond to of 95453

I cannot disagree more! The MM on Naz will screw you every chance you get. FGII is bad, but so is GIFI. It will have a large (1/2 point spread), then move rapidly on small volume. This is true for almost any thinly traded Naz stock. Most of the time, I will put an order between the spread and it will just sit there - I will even see orders go in at my price, but the MM will not fill my order- they are not required to! Life is very different for listed stocks. If I but an order between the spread, and a market order comes in, I will get that fill - always ! Because I am not competing with MMs, only with other true buyers and sellers. I almost always sell at the ask and buy at the bid for listed stocks. Also, the size of the bid and ask are meaningful for listed stocks - it does indeed give an idea of short term price direction. For Naz stock, the size is absolutely meaningless if not purposely misleading! Believe me, trading is so much better for listed stocks. The Naz is anything but a free market!