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To: Henry Wolfond who wrote (7741)	6/26/1998 1:22:00 PM
From: slipnsip	Respond to of 164684

ditto, waiting for the 2pm attempted rally...

To: Henry Wolfond who wrote (7741)	6/26/1998 1:27:00 PM
From: Peter Church	Read Replies (1) \| Respond to of 164684

Don't know the numbers yet, but it looks like the momentum players had to put a lot of cash out in the last two days just to maintain the share price. It doesn't look like they had a chance to unwind their overbought positions from Wednesday. They were long 4 M shares then. Yesterday they increased their position to defend the price and today the same. They have a lot invested in the price stabilizing here or going higher. However they may be running out of fire-power. With selling increasing, we'll see if they're set up for a fall. It's high stakes for them, so any tricks are possible.