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To: Arthur Tang who wrote (520)	4/5/2000 3:28:00 PM
From: Arthur Tang	Read Replies (2) \| Respond to of 562

CNET has many famous market makers, in February, 2000. Lead market maker is Morgan Stanley. Followed by Prudential, Schwab Capital, Knight and Bear Stearn then Island(Datek). Such an array of market makers covered some insignificant shorts during December of 1999; then continue to have nice moves on CNET, building up the short interests to over 6 million shares. Added over 0.5 million shares shorts each month. The technical analysis has overbought continuously. Each pull back create more short interests. Obviously, the market making desk at Morgan Stanley did not use the usual Morgan stanley market making technique. Which is to buy back having people take profit. Instead, the pull back created more buying opportunity, resulting in larger and larger short interests. Please use large spreads to cover low priced shorts. Average up the cash on shorted shares. If run properly, CNET will move thru the roof. Any selling over the resistance level will cover the short interests. Otherwise call in Sandy Weil before its too late. CNET if not sold immediately, may see some nice moves; but not if the market making is still done the old fashion way. Sell high before taking time to buy back cheap. Should be buy high sell even higher soon. More technical analysis later on CNET. Gloom and doom market making has to be changed before it is too late.