Re: [CANSLIM] RINO and general execution of trades

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] RINO and general execution of trades
Date: Tue, 22 Oct 2002 23:24:26 -0400

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I believe this would be entirely illegal, and likely to cause the Broker =
Dealer to quickly go out of business, altho by then likely wouldn't have =
any customers left anyway.

- ----- Original Message -----=20
From: Chazmoore@aol.com=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, October 22, 2002 4:31 PM
Subject: Re: [CANSLIM] RINO and general execution of trades


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.=20

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?=20
Charley 
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<DIV><FONT face=3DArial>I believe this would be entirely illegal, and =
likely to=20
cause the Broker Dealer to quickly go out of business, altho by then =
likely=20
wouldn't have any customers left anyway.</FONT></DIV>
<DIV>&nbsp;</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3DChazmoore@aol.com =
href=3D"mailto:Chazmoore@aol.com">Chazmoore@aol.com</A>=20
</DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Tuesday, October 22, 2002 4:31 PM</DIV>
<DIV><B>Subject:</B> Re: [CANSLIM] RINO and general execution of=20
trades</DIV></DIV>
<DIV><BR></DIV><FONT face=3Darial,helvetica><FONT size=3D2>Buck: =
Excellent question.=20
I have found myself in similar situations and have wondered how I was =
taken.=20
Maybe some of the insiders on the board will venture a guess. Here is my =
guess.=20
<BR><BR>If you are dealing through a discount broker and are enjoying =
some of=20
the $7.00 or $10.00 transaction costs, it is possible your broker has a =
deal=20
with a market maker wherein you pay at the highest bid while your broker =
buys at=20
a lower price and splits the difference with the market maker. I have =
been told=20
this is how some discount brokers can provide such low acquisition =
costs. Anyone=20
know for sure? <BR>Charley</FONT> </FONT></BODY></HTML>

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