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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (4849)	1/28/1999 5:34:00 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 99985

The only immediate results of such large spreads that I would surmise, (other than S/MM making a lot more money) is that it discourages day trading! Maybe so. I really do not know. It has been getting progressively worse and again I am not speaking of thinly traded stocks. Why would they want to discourage day trading since the more shares they handle the more they make? If they want to stop day trading they also need to stop the big computer program trades also.