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To: ed doell who wrote (2859)9/17/1998 11:19:00 AM
From: art slott  Read Replies (2) | Respond to of 4748
 
Ed, what is the purpose? Is it because they want to bring the stock down to cover and buy it back cheap?

Art



To: ed doell who wrote (2859)9/17/1998 5:06:00 PM
From: Mike Fredericks  Read Replies (1) | Respond to of 4748
 
Who the heck sells 100 or 300 shares of a $2 stock? Nobody except MMs. Why the so called NASDAQ "market" premits such charades is beyond me.

Answer to your question: Those of us who only have $1000 to invest (or less) can only afford 100 to 300 shares of a $2 stock. With internet brokers charging commissions now under $10 in some cases, it's economical. I agree with you that a full-service broker charging $50-$100 in commissions would make this trade silly, but I bought 300 shares last week.

I think you are looking for a conspiracy where there is not one.

-MIke