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To: Wayne Rumball who wrote (378)6/30/1998 9:11:00 AM
From: MartinDane  Read Replies (1) of 8858
 
Not that I know of.

It didn't take much to go up. This could mean one of two things:

1. A common MM practice is to run up the stock, then open the spread which has occurred this morning (closed 1 1/16 bid, now 1 bid), to entice selling (investor feels they missed selling 1 1/16 and will take 1 before the bid is hit). Once the selling starts, the MMs will walk it down quickly by only making small prints on the way down with a tight spread.

2. MMs have laid off selling because the year end results are positive and could come out any time. The report is due by July 29th.
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