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To: Brett Fleischman who wrote (34)6/16/1998 10:58:00 PM
From: Cliff Daniel  Respond to of 371
 

Seems to me the MMs went short today to try to control the constant buying...If they do the same tomorrow and news hasn't hit I should be able to pick up some more for a decent price.


Indeed. The massive buys has them dropping the bid/ask sizes. With all the buys coming through you can bet they are accumulating a nice short position. It has been my experience that they will drop it all they can when the momentum is low.

Any idea of what the PR is going to be about? Is it slated for tomorrow?

Cliff