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Gold/Mining/Energy : Nuvo Research Inc

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To: Montana Wildhack who wrote (7995)	11/14/2001 10:30:25 AM
From: Joe Krupa	Read Replies (1) of 14101

Wolf "Our market maker over the past two weeks or so has gotten into the habit of buying a small amount to the uptick immediately after someone sells on a downtick." The pattern continues. Our MM has got wise to the games of the "three amigos." It's certainly not going to stop them, but it helps moderate the effect, and must frustrate the traders on the short side. Going back over trading records of our MM (house 84), I noticed that they are breaking even on about 1/2 the trading days, whereas prior to the recent draws they have typically made 5-10 cents per share on most days. joe

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