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Microcap & Penny Stocks : CSHK CASHCO MANAGEMENT Y2K -- Ignore unavailable to you. Want to Upgrade?

To: John Chapman who wrote (4897)	7/15/1998 2:43:00 PM
From: Jeffrey S. Mitchell	Read Replies (2) \| Respond to of 7491

Shook the tree and some cheap apples fell out at .125 x .14 and now back up we go. .14 x .16. Buy them apples at .125 and sell them at .16 or more. Don't we all wish we could be one of them. John, unless the above is a typo, your assumption is not valid. In the first case, you would have bought the shares on the ask, not the bid-- which is .14. In the second case you would have sold the shares at the bid, not the ask-- which is .14. When you factor in commission, you come out a loser on the deal. Even worse, I show the spread as .14 x 17. Of course that's not to say .125 is not a bargain. Just that it's not quite as easy money as you have indicated. (g) - Jeff EDIT: Oops... I see you were probably talking about the MMs (or M&Ms as we now call them). Sorry!