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To: Victor Lazlo who wrote (38499)3/20/2000 10:37:00 PM
From: Marcel  Respond to of 93625
 
Victor,

I think a lot of sellers of chip stocks today took their cue from Taiwan's slide yesterday.

Things are looking up today.

Taiwan Taiwan Weighted ^TWII 10:14PM 8962.55 +426.50 +5.00%

My point about the MM and lack of liquidity is that it is more difficult to churn (read: MM livelyhood) if liquidity is wanting. It is my understanding that MM and specialists do go short at times for the sake of liquidity and providing a market.

Marcel