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Gold/Mining/Energy : Millstream Mines (MLSM) -- Ignore unavailable to you. Want to Upgrade?

To: BLZBub who wrote (85)	5/26/1999 6:10:00 PM
From: Brumell	Respond to of 664

Very interesting. I deal through a bank-owned discount broker. My assumption was their representative was the one conducting the trade and acting as the dealer at the OTC. The idea of a market maker was common on many exchanges. Don't know about now but it worked that way at one time on the VSE and TSE where certain houses acted as you describe for certain stocks and so far as I know, there are still market makers on NYSE. Anyway, I'm not going to grumble any more about OTC. It burns when you see trades under your bid but so be it. When there's volume and action as there was with MLSM a year or so ago, things tighten and you don't notice spreads. I can recall buying some at $1.20 which was about .05 under the bid, got a fill as it traded heavily around that price, and took off to the $1.80 level as I recall, not too many days later. We are on the right track with this one. It's just a little harder to bottom-fish accurately on the OTC. Bob