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Non-Tech : Amati investors

AMTX 1.650

-4.3%

Dec 1 3:59 PM EST

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To: John Hunt who wrote (28633)	11/13/1997 3:41:00 AM
From: Schmedley	Read Replies (4) of 31386

[The problem is I am not sure why they wanted to know.] re: nasdaqtrader.com I can only speak for myself (thanks Jim from me too) but for people like me who watch the NASDAQ Level II quotes, it shows us who the real market makers truly are ie, the ones with the largest positions. When we see them occupy the top of the list on either the bid or the ask, it serves as an affirmation of their conviction or lack thereof. When one observes the bigger MMs do an about face, it is a pretty good indication of an imminent change of direction (at least for the short term) In a stock of this size there is usually only one or two Alpha Dogs so it's nice to know who they are as the rest are sheep and will change their tune at the drop of a hat. JMO Schmedley

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