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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?

To: HRH who wrote (5204)	5/31/1998 12:27:00 PM
From: jeff	Read Replies (1) \| Respond to of 11850

Market Makers - more info Enclosed below is an article posted on Usenet, where I re-posted the Forbes magazine article on NASDAQ and Market Makers (http://www.forbes.com/archive/nasdaq.htm). Trying to keep the hype to a minimum. Jeff P.S. Is there a separate Market Makers thread anywhere on SI? ---------------------------------------------------------- From: sully@ptdprolog.net Newsgroups: misc.invest.stocks Date: Sat, 30 May 1998 21:15:25 -0400 Ancient History. Article was written in 1993. Since then: 1. Market makers have paid 1 BILLION dollars to settle a suit about those practices. 2. The NASD has completely re-written rules for market makers in National Market and small cap market Stocks. Customer orders must now be displayed. (Bulletin Board traders can stay on their knees) 3. The SEC has forced the NASD to split into two separate organizations, one to run the markets and a separate group to enforce regulations. 4. The Electronic Crossing Networks now allow savvy individual traders to bypass and even partially usurp market makers. Since the advent of new NASDAQ rules, profits at some market making specialty firms are down by 50-75%. I'm not saying you don't have to be careful. A market maker still has a chance to do you dirty. But, unless you're trading with a super deep discount broker, it is not nearly as bad today as it was five years ago.

To: HRH who wrote (5204)	5/31/1998 12:29:00 PM
From: HRH	Read Replies (1) \| Respond to of 11850

Just a quick note to see how ICVI was getting coverage at kingfine.com and ran across this message...See folks, we at SI aren't the only ones covering this stock... <Message 604 of 606 by Stock_meister_98 A reply to message 600 by Aloha5 May 30 98 8:30 pm EDT Anyone who posts on SI.... Please advise them that ICVI is getting tremendous attention here at KingFINE. Please give them our URL. Thanks> If you want to vote for "Pick of the Day"... you should probably put it under the "Penny Pick of the Day" category (PPOD). 15 votes so far, (with one misguided short).