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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Chris O'Keefe who wrote (4792)	1/16/1999 5:49:00 PM
From: Wes Stevens	Read Replies (1) \| Respond to of 56535

Chris: OTC spreads: I must not have read it well. I was kind of in a hurry. The one point you made on a stock going from $.02 to $.10 being the same as a stock going from $2 to $10 is what prompted my comment on the spreads. I know there are people that trade stocks in that range and do very well. But I am sure they are using a broker like mbtrader not etrade or schwab! I got into a company called Quadrax a while back. They made golf shafts and other things. I am a clubmaker and loved their shafts. I bought into the company on rumors they were going to sell their shafts to Taylor Made. Every time the stock tried to run it got sold back down. Turned out they had done several private placements and a few reg. s. After that I am very careful on OTC stocks.