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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?


To: grw5 who wrote (15087)3/28/1999 8:39:00 PM
From: Colin Cody  Read Replies (2) | Respond to of 19331
 
george, getting off OTC-BB is no panacea. I've said this for two years here now. And here we have the proof: FTEL went off the OTC-BB this month. Opened on AMEX at $5. Closed Friday at $3.

Why?

The AMEX has ONE solitary specialist (a/k/a a goniff) who controls EVERY SINGLE TRADE. If you want to buy he tells you what you must pay. If you want to sell? He'll tell you his offer - take it, or leave it.

With the NASD MMs at least, if one goniff wants to rip us off, there's always the opportunity for other MMs to step up and make a fairer market for us to buy and sell into.

Colin