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To: TraderGreg who wrote (2374)	3/14/1998 8:01:00 AM
From: K A Anderson	Read Replies (2) \| Respond to of 6654

Greg thats the count I have come up with... I am playing the ratios on conservative levels, though. Like I am "allowing" 20 to 30% of those number to day traders, non Reg S people selling for what ever reason. MM cross trading, and that sort of variables. These numbers combined with another 10 to 12 million volume day and I think we will see The Reg S fully deluted, or very very close to it. I don't think it will be much longer before they "give the trading back to the public traders" then it should get most interesting. Sure wish I could get my hands on Fridays trading logs, even a level 2 post would be a huge help... I am trying to see at what levels the MMs are capping their inventories. KAA