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Technology Stocks : Open Market (OMKT)

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To: John F Beule who wrote (1131)	2/19/1999 8:07:00 PM
From: steve poon	Read Replies (1) of 2004

this was posted on the yahoo board today, may explains omkt's fall today without any apparent reason. a nice big fat premarket PR would be nice monday morning. regards Hopefully you'll be rewarded next week for jumping in today. This was a fine OMKT buying opportunity. Good luck. It's costly for the MM's to short OMKT down at options expiration (to force call options to expire worthless). To do so, they have undoubtedly accumulated a large short position as of the close today and will be covering that position starting Monday. I wouldn't be surprised to see a $1 gap up on Monday morning as they buy up limit sell orders in the $13 and $14 range with their covering activities. I think OMKT investor relations should start to play hard ball with the market makers (manipulators) and choose Monday to issue a surprise press release which will force the Market Makers to cover their huge short position. That would be the ultimate coup for OMKT because on this coming Monday morning the market makers are the most vulnerable (holding a huge short position). Finally, OMKT would get to see some decent air-time for their excellent Press Releases. Under the guise of creating an "orderly market," we all know that the Market Makers systematically exploit margin squeezes and options expiration, so they end up doing precisely the opposite of their so-called purpose of "creating orderly markets." It is due to them (and also to day trading activities) that has given OMKT a reputation for volatility. There will come a time when there will not be a need for MM's. Their job can easily be replicated by a computer software resource allocation algorithm where buyers can meet sellers with virtually no bid/ask spread.

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