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To: Sam Scrutchins who wrote (11015)	4/9/1998 8:32:00 AM
From: Phillip C. Lee	Read Replies (1) \| Respond to of 213176

Sam, The method shorts used is to place the "ask" price lower than "bid" price at the beginning of the bell, the "bid" price will be adjusted lower accordingly. They continue to lower the "ask" and repeat the same process until the target price is reached. When the target price is reached, they start to buy back (the volume may be larger than the earler "sales" in order to make up their original short positions). This exercise is risky, but if there are more than one group (conspiracy) perform the same process, then the price surely will be pulled down significantly in a short period of time. The daily pattern in the recent weeks has sent the signal of such scenario to me clearly. You probably misunderstood what I mean here regarding "shorts". The "shorts" here are somebody who held such positions previously. They hate to pay the current market price to cover back. What they are doing here is to continue to sell the stocks with significant amount of volume. In such way, the stock has to go south if there is little support force like this week's waiting Q2 reports time. I don't know if that's clear enough. Phil