AMEX trading ........Bob, I've held shares in ADGI/GTEL since early 1999, so I understand your excitement with regards to Globetel finally exiting the OTCBB. However, while the AMEX will eliminate a lot of the OTC "funny business", it might not be as "exciting", especially for the posters who have been sitting on these boards throughout each trading day, watching and posting about each and every trade. Remember, now that GTE will be trading in the dollars instead of pennies, each trade will involve a higher level of capital. It will now cost $36,000 to buy 10,000 shares, whereas last Friday the cost to buy the same number of shares was only $2400. In other words, the volume will be MUCH lighter on an average, everyday basis, which equates to far fewer trades. The bid/ask spread will also obviously change. If the opening b/a reflects Friday's closing b/a, for example, you'd be looking at bid $3.58/ask $3.63. That's five cents, instead of 3/10's of a penny. Don't be surprised to see a much larger b/a spread than that, at times. Overall, change is good, especially when it comes to moving from the OTCBB to a higher exchange, but I think you'll also see that it's a bit more "boring" from a day-to-day perspective. If a person is long term, and doesn't sit glued to their trading screens Mon-Fri, I'm sure they won't have any problems with the tradeoff. Good luck, and go GTE!
