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Microcap & Penny Stocks : CDCH Cerro Dorado Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (654)	4/29/1999 1:48:00 PM
From: Brian MacDonald	Read Replies (1) \| Respond to of 958

Jim, What an orderly market the CDCH MMs have. There is only a 3/8th spread between the bid/ask (1 3/4 X 2 1/8) right now. Let's see, if I buy at $2 1/8 - the 'ask', I would have to wait till the stock was bid at least $2 3/8 just to break even (taking commissions into account - sorry I'm in Canada and we don't have too many 'deep discount brokers up here). That's 5/8 ths of a point on the 'bid' - or almost a 50 % move upward just to break even. I think I'll pass on CDCH and good luck. There are just too many other 'good investments/speculations' around to fool with this company. Brian