Somewhere in the Ether, Frank Malcolm uttered this to
Garry Norton about Buying SHares
 FM> Hi, Garry.

 Hi Frank,


 FM> And all this is going out the window, soon. I think at the end of this
 FM> month. No more marketable parcels, no more odd lots, no more Odd Lot
 FM> Broker.

 FM> Another change which will occur at the same time is the step size for
 FM> orders. It will be 0.5 cents up to 25c (currently 10 cents), 1 cent
 FM> above that forever (currently 2 cents over $10).

 That's interesting, thanks.

 FM> But also check the service you're going to get. Do you have to front
 FM> up with the $ (buying) or certificates (selling) before they'll let you
 FM> trade? Can you put on an order at say $5.40 with a couple of cents
 FM> discretion if it looks like the market is moving away from you? Do you
 FM> want research, or even opinions on the stocks you're going to trade?
 FM> Will you get access to new floats? eg Giltnet which we were doing at
 FM> 10 cents, listed last Monday, now 28 cents. Lehir coming up, but
 FM> *they're* as scarce as rocking horse shit.

 Very true, it pays to find a brokerage house with these facilities.


 FM> Shouldn't happen at a decent place. I have 2 phones plus my mobile,
 FM> there are 14 more on my desk if I happen to be on both.

 It did in October 1987, I was present in one of the biggest dealing rooms
 on THAT day and watched things from the other side of the fence.  I
 believe the what were considered then as small and unimportant
 investors, had a snowflakes chance in hell of getting through on any
 phone and giving a "sell" order.  Were you in a dealing room that week?


 FM> I believe Pont Securities offers such a service, don't know the
 FM> details/conditions/limitations though.

 I still like to talk to brokers on the phone.  As with all audio
 conversations, much can be gained from a person's tone and inflection.
 So when I am asking questions I am recieving instant feedback.

 I'll have to speak to the SHAW company, won't I Frank?

 Regards,
	 Garry



... Columbus had a fourth ship - it sailed over the edge.
--- FMail/386 1.0g