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To: C.Carlos who wrote (3298)	7/8/1999 7:57:00 PM
From: Sober	Read Replies (1) \| Respond to of 8858

Forget about Anthony... he just took advantage of a market makers manipulation to get out of their short position. Try to imagine yourself trying to make a market in SNMM over the last two weeks. You would be so short that you would have to figure out how to get more shares to cover your position before the earnings, Nasdaq and other event unfold. If you watched the early stages of this downturn, you would have seen many buys at the ask. When this happens, a MM can up the ask. But instead, the ask was never changed until one or two sells, and then the ask was dropped. Following that were many more buys at the new ask but again the ask was not raised... and so on for hours, until the buyers finally dryed up realizing this was going to be a walk down no matter what. Anthony was just there to take advantage of it, (and fuel it when he could) but it was the MMs who made it happen. We know how fast it can turn around and move up, and it will, maybe as early as tomorrow when we think about what could happen if we go into a weekend without a position. News after the close friday could create excitement all weekend and a gap up on Monday and a fast run and those without positions could see 3 to 5 points fly by before they get back in. Sober