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To: Double Dipper who wrote (11629)	4/9/1998 10:52:00 PM
From: JIN CHUN	Read Replies (1) \| Respond to of 27968

Kevin: Personally, my opinion is that the laws of supply and demand are not working perfectly, or in any way close to how they would behave on the bigger exchange. I had a talk today with 2 different representatives from the NASDR, one from the Chicago branch and one from the Cleveland district office. Neither could supply me with absolute answers, although both were extremely nice. The gentleman from the Chicago office told me that a firm making a market is obligated to complete transactions for market orders if the shares are available. He also told me that any request for inquiry would take 6 to 8 weeks at least. It is obvious to me, at least, that given the ratio of buys and sells, not just today, but on numerous occasions, both the bid and the ask should have moved up. If not, why the close spread? 1/2 of a penny at times. I would think that the spread being so tight would be an indication that shares were in short supply, as the the market makers would be making nothing on such a thin spread. But then why the price drop? Puzzling, to say the least. Jin.