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To: Craig K who wrote (2908)	5/4/1998 7:50:00 PM
From: RocketMan	Respond to of 50264

Craig, I explained it to you rocket-scientist to rocket-scinetist in post #2893 ! I guess you want to hear it from someone who knows about brokerages, eh? Don't blame you :-)

To: Craig K who wrote (2908)	5/4/1998 7:51:00 PM
From: Craig K	Read Replies (1) \| Respond to of 50264

Sorry, I had not read other posts answering my question, trying to catch up... Craig

To: Craig K who wrote (2908)	5/5/1998 2:52:00 PM
From: LAWRENCE C.	Respond to of 50264

If an MM sells stock at 8, the MM either has the stock or figures he can cover by buying at less than 8. In post #2901 HJMC and SHRP were selling shares at 8 which they had bought earlier in the week. NAWE was buying at the bid of 7.785 probably to cover shares he sold at 8. For instance if NAWE sold 10,000 at 8 = 80,000 and can cover 10,000 at 7.785 = 77,850, NAWE makes $2,150. If NAWE has to pay more than 8 to cover, NAWE start to lose money on every share he can't cover under 8. Lucky Lawrence