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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?


To: Shoot1st who wrote (2223)11/24/1998 1:28:00 PM
From: Dan Swartzendruber  Read Replies (2) | Respond to of 7382
 
I think scanshift may be right about this. Even if the broker is honest, I am very uncomfortable with situations where there is a builtin conflict of interest. This is why I have decided to open an account with JPR...



To: Shoot1st who wrote (2223)11/24/1998 6:33:00 PM
From: scanshift  Read Replies (1) | Respond to of 7382
 
You should have a fill! Where is it? Certainly Mack at X does not have the pull to get it for you. If they did enough volume at SWST, he would have the pull. I would file a complaint with the NASD outlining what you stated here. That way you will help future traders who may not realize that bogus offers (in this case it may have been to get a feel for size) are being placed on the market.



To: Shoot1st who wrote (2223)11/24/1998 6:35:00 PM
From: funk  Read Replies (1) | Respond to of 7382
 
No clue about executioner.

MBT does not allow BB trading.

This was not a short coming in my book.

funk



To: Shoot1st who wrote (2223)11/24/1998 11:43:00 PM
From: Colin Cody  Read Replies (1) | Respond to of 7382
 
Shoot, you say "SWST shows that they will sell 5k at .25...Mack at X said they don't have to sell it since the market is .23 to .27...I asked why then don't they show their offer at .27?"

If the inside quote was .23 by .27 then obviously no one was offering stock for .25, otherwise the inside quote woulda been .23 by .25 (g)

The question may be WHERE did you get the idea that someone was asking .25? perhaps it was a stale quote?? the OTC-BB has more stale quotes than the NASDAQ, IMO.

Now, on the OTC-BB there are some real gonifs, and they pull away when a retail broker calls them. Can they "do this"? Not "legally" but there are some bad people out there. The good retail houses will just avoid them altogether and deal with the regular wholesalers.

FYI:
The OTC Bulletin Board® is a dealer-driven, quotation
service that operates daily from 7:30 a.m. to 6:30 p.m. ET.
All Nasdaq® Market Makers are eligible, and at present
over 420 Market Makers participate in this service. Market
Makers may enter one-sided, two-sided, or unpriced
(indicative) quotes.

This link shows the minimum quote size rule for the OTC-BB
otcbb.com