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Non-Tech : Online Trading -- Ignore unavailable to you. Want to Upgrade?

To: raymond marcotte who wrote (26)	5/4/1998 10:00:00 AM
From: Dave Block	Respond to of 49

Lets say you want to buy a stock that is BID $80 and OFFERED $80 1/2. You go to buy it and you get the offer 80 1/2. Who's to say you could not have bought it at 80 1/4, in between the spread which is 1/2 point. On a thousand share order a 1/4 point is $250 bucks. How do you get in between the spread? Their is a system called SELECT NET on the OTC market. Select Net allows you to BID or OFFER in between the bid and offer. This does not always quarentee an execution at that price but at least your trying. Even if you bid up to 80 7/16(.625=16th) it's still better that paying 80 1/2. Follow me now.