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Technology Stocks : Red Hat Software Inc. (Nasdq-RHAT) -- Ignore unavailable to you. Want to Upgrade?

To: Mike Petriv who wrote (715)	8/19/1999 10:02:00 AM
From: Nelson Chang	Read Replies (1) \| Respond to of 1794

>>>MMs loaded up the short boat on Wednesday and will drive the price down.<<< Whenever I hear this I think 2 things. 1) Wannabe trader 2) Wannabe know-it-all I have friends in the business and have also heard from ex-MM's, that MM's close out the day position neutral. They rarely hold shares at the end of the day. Which is why when you buy calls of a stock, the underlying stock will rise, etc. MM's will buy the underlying stock to cover themselves which is often the case.