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Microcap & Penny Stocks : INFE ... Infocall another Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Devil's Advocate who wrote (8390)	10/13/1998 10:40:00 AM
From: Fitz	Read Replies (1) \| Respond to of 10343

Buying???????????/HMMMMMMMM..... Fitz

To: Devil's Advocate who wrote (8390)	10/13/1998 12:27:00 PM
From: Sigmund	Read Replies (2) \| Respond to of 10343

<<< OK, let's suppose that you are right. Then, explain the wide spread.<<<< Spread is $1/8 not much on an absolute basis but a lot percentage wise. My guess, just a guess, is that the spread reflects good commercial business sense by the MM's. If they lower the spread will they get enough more volume to justify the reduced margin? The larger spread also partially protects against risk of having inventory become less valuable both long and short. If you were an MM with no inventory, would you reduce the spread? If you were long, would you be anxious to sell shares now? If you were short would you want to buy shares? If the answer is yes to the last question, it is difficult to see how the bid keeps falling. I wouldn't want to be short now.