Re: [CANSLIM] RINO and general execution of trades

From: Chazmoore@aol.com
Subject: Re: [CANSLIM] RINO and general execution of trades
Date: Tue, 22 Oct 2002 16:31:32 EDT

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Buck: Excellent question. I have found myself in similar situations and have
wondered how I was taken. Maybe some of the insiders on the board will
venture a guess. Here is my guess.

If you are dealing through a discount broker and are enjoying some of the
$7.00 or $10.00 transaction costs, it is possible your broker has a deal with
a market maker wherein you pay at the highest bid while your broker buys at a
lower price and splits the difference with the market maker. I have been told
this is how some discount brokers can provide such low acquisition costs.
Anyone know for sure?
Charley

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<HTML>Buck: Excellent question. I have found myself in similar situations and have wondered how I was taken. Maybe some of the insiders on the board will venture a guess. Here is my guess.
 
 If you are dealing through a discount broker and are enjoying some of the $7.00 or $10.00 transaction costs, it is possible your broker has a deal with a market maker wherein you pay at the highest bid while your broker buys at a lower price and splits the difference with the market maker. I have been told this is how some discount brokers can provide such low acquisition costs. Anyone know for sure?
 Charley</HTML>

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