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To: macker who wrote (15620)	6/24/1998 7:53:00 PM
From: Craig K	Respond to of 50264

They did it to INFE again today....I guess FSCO had to come in and teach them how to play... Craig

To: macker who wrote (15620)	6/24/1998 8:04:00 PM
From: ANALYST10	Read Replies (2) \| Respond to of 50264

Again, Market makers do not need to borrow the stock and the pubilc can not short these stocks because they are non-marginable and yes you can short through canada, but not in this country. You are absolutely right about shares being lent out. Bear Stearns is notorious for that. There is a reason for that which is they charge you to borrow the shares and they make a fortune from it. And if you ask them they will deny it. But I have experienced it first hand and it is done all day and there is nothing you can do about it. You are quite right about what market makers can do and in fact I will teach you another trick. Lesson 3: Since the public is wrong 90% of the time and it is a fact that people will chase a stock on the way up and sell it on the way down, the MM's will create a sense that the stock is running up and the public thinks oh boy here we go again, its $3 now and its going back to $8 and they chase it. The market Makers are influencing the stock up so they can make higher sales and then they will wack the stock again and f--k the public again. It is done all the time. In fact, as strange as it sounds if a mm has alot of stock for sale many times you will see him on the bid trying to influence the stock up and make sales through a friend on the other side of the market. You also have trading systems that large firms use that are anonymous and you don't know who the buyer and seller are. Reuter's has a terminal called Instinet. Brokers that have a terminal can place buy and sell orders on the system and have total anonymity. They will use the Nasdaq terminal to make it look like they are buyers and beef up bids when they are really not good for any size and dribble out of stock through Instinet by putting up a thousand or two thousand shares at a time not to panic the market. Some people nibble in fear of the market getting away from them.