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To: bob jordan who wrote (2563)	12/31/1997 12:55:00 PM
From: srs	Respond to of 4676

To all: Say, if any NRID secures a contract to deliver 2,000 units to a non-profit company, would there be any restraints putting out a press release of all the facts. I have heard about the imminent sale, but the source was a little hesitant on whether they could put in the cost, size etc., because of the company being a non-profit organization. I understand the company is in the health field and does not want to publicize how much they are spending when everything is being scrutinized so carefully. Does this seem logical? Have a happy and safe New Year to all. Go Blue! srs

To: bob jordan who wrote (2563)	12/31/1997 5:47:00 PM
From: Jaffo	Read Replies (2) \| Respond to of 4676

Bob and ALL: For those who believe in the tape and the tape doesn't lie, I've been following the tape fairly closely the last three days and the tape suggest that the MarketMakers, in the face of significant more selling than buying, are (i) setting the bid floor at 1/4; and (ii) accummulating to fatten their inventory while pushing the price up. On Monday from 12:40EDT to close: Bid Vol:371ks Ask Vol:108ks Sales imbalance:263ks close 9/32 Tuesday from 12:50EDT to close: Bid Vol:106ks Ask Vol:54ks Sales imbalance:52ks close 9/32 Wednesday from 11:45EDT to close: Bid Vol:260ks Ask Vol:175ks Sales imbalance:85ks close 5/16 In other words, during the time that I was monitoring NRI in the last three sessions, the MM bought a total of 737ks and sold only 337ks, leaving the MM with 400ks to add to inventory. In this type of market, I would think what is normal is to let the price float to a new and lower equilibrium. The fact that the MM chose to do what it did strongly suggests that the price of NRI is going up. Admittedly, the above is clinically imprecise and the excercise/conclusion may be a lot better had I monitored the entire trading sessions. Nevertheless, the info may be of interest to some of you. HAAPI NEW YEAR TO ALL. Jaffo...