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To: Don Westermeyer who wrote (15726)	3/20/1998 6:02:00 PM
From: Chuzzlewit	Respond to of 95453

Don, thanks. I am familiar with the article, but I think it is important for everyone on this thread to read it. If NASDAQ merges with the AMEX we can only hope that the merged entity will do away with the market maker system. It only serves to line the pockets of the market makers. Regards, Paul

To: Don Westermeyer who wrote (15726)	3/20/1998 6:12:00 PM
From: Erwin	Respond to of 95453

I was and was not aware of what was in that article. Thanks a lot for the information - Great Post! Erwin

To: Don Westermeyer who wrote (15726)	3/20/1998 6:51:00 PM
From: RGinPG	Read Replies (1) \| Respond to of 95453

Wow, that is a great article. Many of the things I had a sneaking suspicion about are TRUE! forbes.com Especially this one: "Nasdaq boasts that its listings get widespread brokerage coverage even in small, thin stocks--stocks that might not be worth the broker's efforts if it were NYSE-listed. The boast is true, but not entirely for praiseworthy reasons. A small army of "freelance" stock promoters sell their services to Nasdaq issuers in exchange for either cash or cheap stock. These folks promise to produce a big increase in volume or to get the stock to a certain price. They do it by getting some friends to post bullish "information" about the stock on the Internet. By sounding knowledgeable about the company, these freelancers impress the Internet's stock market junkies, who buy into the story. I foolishly bought CKNG (Collision King) because of the great story I got from a "Superstocks" service. I don't know how they got my E-Mail, I think it was through Schwab. The stock was at 2-2.5, I put my order in at market(what an idiot!) and got it at 4!. It promptly went to 3 that day. Shortly thereafter the whole board was fired or quit and it went down to below 1. I sold it with a 82% loss, the most money I ever lost on one stock (on the least I ever invested a stock). If anybody gets something from Superstocks or any other unsolicited service, don't buy! No matter how great the story sounds. I wish I read a post like this one 8mths ago. Another caveot: Don't buy thinly traded stocks. Trust me on this one.

To: Don Westermeyer who wrote (15726)	3/20/1998 8:29:00 PM
From: davep	Read Replies (1) \| Respond to of 95453

Don,that article is b.s.The nasdaq has tighter spreads than nyse and much better(fairer price), market executions.The Nyse tightest spread is 1/8 otc is 1/16 and smaller this saves you hundreds when you trade 2000 shares or more.Jerking around with limit orders is wishful thinking and can cost you plenty if stock starts dropping.People have reason to not go market on NYSE and thats cuz no matter how big the spread you'll always get filled on the bid when selling or on the offer when buying(been screwed on nyse with 1/4 spread with market order many times).If i go market on otc i always get filled between the spread even if only 1/8 spread.Scamming takes place on nyse big time but thats the good ole boys network that malcolm and silver spoon steve forbes(daddy's boy) are part of.Its an old article for old farts.Sounds like they got beta envy.If you dont like volatility dont play it but if you want it its there.Its good for the small guy cuz he can build up capital in this lifetime.If p/e's bother them why dont they slam coke(40) or the dow(pe 28 with dramatically declining earnings forecasts) itself.ALthough this article was writtten a few years ago the same notions exist about otc today.In fact i think nyse is less fair than otc now but forbes and the boys will never admit or print that cuz they're every bit the crooked scammers as the nasdaq boys