Re: Bid-Asked Spreak

From: MsProf2U <MsProf2U@aol.com>
Subject: Re: Bid-Asked Spreak
Date: Fri, 22 May 1998 23:16:30 -0400 (EDT)

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<<Is A. B. Watley saying that my discount broker supplements his discounted
commission charge to me by essentally applying a wider bid-ask spread to my
trades and pocketing the extra money? Is this why my trades seem to go off a
less favorable prices than necessary? If so, is this legal?>>

Different market-makers have different bid-asked spreads, and some brokers
indeed fill market orders at better prices than other brokers. I avoid the
whole thing by placing limit orders for most of my trades. 



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