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

To: Nicole Bourgault who wrote (9635)	2/22/1999 2:04:00 PM
From: Trader J	Read Replies (1) \| Respond to of 56532

Nicole: PCNTF - With a low float, and relatively low volume Inet stock, the MMs can make a killing with the spread for those willing to play it. The MMs can pick up shares at 31 1/8 and turn around and sell them to market orders to buy at 32. You can make money too if you put in an order just above the bid and ask to sell below the current ask. I did this many times with PWCC. Haven't played with PCNTF yet this way. I think we will get the normal pull back followed by a strong close. Today's close will tell us much about sentiment towards the Inets and the market in general. Tj