Replies to post #1654 on MINDENAO GOLD MINING (fka MDGM)

[Alex Chory]

man o man, i gotta tell u,

etrade really bad imho.

having so many troubles getting to do what i want,
i never had that problem with harris direct......

if i cant solve or get use this stuff right,
i might as well go elsewhere, i hate locking my stuff
up again so ill have to wait for some cash outs....

sometimes the bid/asks are never correct, i just cant
see what advantage there is here, oh well, maybe its just me.

later
$$$$$

[Alex Chory]

FYI................

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FOR IMMEDIATE RELEASE:

Pink Sheets LLC Announces an Innovative Quote-increment Pilot Program

Pink Sheets LLC is excited to announce an innovative quote-increment test planned to start on February 15th. We hope to determine appropriate quote tick sizes specific to OTC equities that will result in increased liquidity in Pink Sheets traded securities.

While “tick sizes” and quote increments on exchange listed securities have been widely studied and discussed, there has not been much work done in OTC markets. The Regulation NMS increments of $.01 for stocks over a $1.00 and $0.0001 otherwise, may not accurately reflect OTC market conditions or the needs of market participants. Especially since most NMS stocks do not trade at prices below $1.00 per share, while many OTC Equity Securities trade at such prices. Public discussion and academic studies are lacking in this significant part of the OTC market.

As such, Pink Sheets is working with Professors William G. and Nick Bollen of the Vanderbilt University’s Owen Graduate School of Management to conduct a test using securities traded on Pink Sheets. The test will impose small quote increments in a subset of Pink Sheets quoted securities. Professors Christie and Bollen will study the results to determine if those quote increments, or other increments are beneficial to Pink Sheets trading and liquidity, and if they should be implemented for all Pink Sheets quoted securities. See article by Christie on tick size increments at: http://tradersmagazine.com/articles.cfm?id=1&aid=1743&searchTerm=christie

The test is an experiment, and we are looking forward to ALL feedback from market participants on their experiences and opinions. The test in securities A through D will run for one month and at that time Pink Sheets will make a decisions regarding expanding the quotation tick sizes to all Pink Sheets securities, if there is a need to adjust tick sizes and/or to discontinue tick sizes.

Subscribers using the Pink Sheets can communicate trading interest in both price and size in the Pink Sheets; however, without any limitations on price increments; the value of communication with size is overshadowed by the ease at which prices can be marginally topped by a scalper. Tick size increments should balance the competing goals of increasing the display of size while not artificially widening spreads. In the Pink Sheets, market participants rarely publish greater than the minimum quotation size, indicating that larger quote publication increments could increase displayed sized and thereby improve the liquidity of the OTC market. Attached below is an article by Professor Christie on Tick Sizes.

The test will begin on February 15th in securities with symbols starting with the letters A through D. The quote tick sizes we plan to use are as follows*:

For quote prices above $10, a quote tick size of .05.
For quote prices at or below $10 but above $1, a quote tick size of .01.
For quote prices at or below $1 but above $.10, a quote tick size of .005.
For quote prices at or below $.10 but above $.001 a quote tick size.0005
For quote prices at or below .001 a quote tick size of .0001

*The above increments will only be implemented in securities exclusively quoted in the Pink Sheets with symbols starting with the letters A-D. The increments will only apply to quotations; there will be no tick sizes, increments or other restrictions in Pink Link. Pink Link Order and execution messages will still be up to 4 decimal place precision.

**Our initial calculations indicate that, for quote prices above $10.00 per share, 97.5% of the inside spreads use whole increments of $0.05, and nearly 91% of trade prices are in whole increments of $0.05. For quote prices above $1.00, but at or below $10.00, 97.4% of the inside spreads use increments of $0.01, and 98.4% of trades use $0.01 increments. For quote prices between $0.10 and $1.00, an increment of $0.005 should be used, as quote and trade clustering is 96.6% for $1.00 quotes and 92.9% for $0.10 quotes. Quote prices at or below $0.10, but above $0.001 use increments of $0.0005 about 84% of the time.

This update will require no changes to broker-dealer systems. Pink Sheets Electronic Quotation System will automatically round down any bid price or round up any ask price to the nearest increment for any quote submitted that is not at an increment.

If you'd like to discuss this change, feel free to e-mail us at [e-mail] or call our Trading Services Dept at 800 LIST OTC.

[Alex Chory]

good morning,

see what I mean, I cant even access etrade this morning...

and the band played on!!!!

,,,,$$$$$

[Alex Chory]

from Saxobank, fwiw................

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Published: Feb. 02 2006, 10:41 GMT

Data watch today
ECB Rate Decision (and press conference), US Nonfarm Productivity, US Unit Labor Costs


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12:45 GMT ECB Rate Decision
The ECB is unanimously expected to leave rates unchanged at 2.25%, so that is what they will do. They want to be transparent and every change to be broadly expected. The market does, however, expect the ECB to hike rates by another 25 bps. at the upcoming March meeting.

13:30 GMT ECB Rate Conference
This will be the interesting part today. The ECB has mentioned the increased energy prices at several previous occasions. Since they insist on including energy costs in their inflation targetting and since energy costs are again higher with Brent Crude trading above 65 USD/bbl, this could cause a hawkish tone at the press conference today.

Unless we see some really hawkish comments at the press conference, the rate outlook should still favour USD over EUR, and the recent sell-off in EUR/USD should continue.

13:30 GMT US Unit Labor Costs and Nonfarm Productivity
US Unit Labor Costs (4Q P) are expected at 3.5%, which is quite a lot. We have seen indications of a rather tight labor market lately, so this might keep the long rates high or even improve the US rate outlook. Another contributing factor could be the Nonfarm Productivity. The latest reading was impressively high as the figures have generally been in the last couple of years. The generally high labor produtivity has been one of the Fed's primary arguments for why they could have a period of extremely low interest rates without adding to inflationary pressure. Today's reading is expected at only 0.1% and this - using the Fed's own argument - would support the US rate outlook.

Fixed Income stands to be hurt by these figures and the general downtrend should continue. Looking at US 10-year Treasuries, there is still much downside, at least to 107-16.

Stocks are not likely to be affected by the figures in a big way, it will only slightly cap the gains from yesterday's trading.

[Alex Chory]

I wonder how that Scott trade is, the one advertised

on pinksheets.com.? I have an office close by, maybe

I'll give them a call...............

,,,,,$$$$$