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To: coach137 who wrote (2387)	7/16/1998 9:03:00 PM
From: Cheeky Kid	Respond to of 5164

What does it matter? When and if positive news comes out the stock will move accordingly. To me, twenty, thirty or forty thousand shares in a day is nothing. If we are in the hundreds of thousands (a day) that's a different story. I have put this stock on the back burner for a few months.

To: coach137 who wrote (2387)	7/16/1998 9:19:00 PM
From: kidl	Respond to of 5164

The MM's either go home at night even or just a tad short (if they can't help it). Trust me, they are not interested in this story nor do they care. Their only interest is in the spread. 50 cents per share on 40M shares traded is $20M; what more could you ask for?

To: coach137 who wrote (2387)	7/17/1998 1:17:00 PM
From: Rickerbucks	Read Replies (2) \| Respond to of 5164

It's quite simple IMHO. One or two buyers show up and start taking out the offers. The MM lets go of the position that he has been acquiring over the last number of weeks at $1.00 to $1.375 and sells at $1.50 plus. Eventually he sells all his long position and the buyer keeps coming. He moves the offer up quickly to a high of $2.25. The buyer continues to come, paying as high as $2.25 and the MM is probably shorting to the buyer. The buying stops, the MM is short a few thousand shares and the MM drops the stock back to $1.00 - $1.50 and slowly reacquires the position to cover his short and possibly add a few shares to his inventory. In summary. The shareholder was too impatient in buying. Given the previous low liquidity he should have bought a few thousand shares at the offer each day and not shown any bids. In addition, don't forget that there are sometimes double prints. I place an order with an MM who sells it to me and then the MM goes to another MM and creates another trade. Therefore the volume was possibly slightly overstated. The 'SELL' volume of '100,000' shares is a combination of double prints, shares from MM inventory, MM going short as well as a few smaller investors selling a few thousand shares here and there. Another day I'll explain why on the very rare occassion you can get filled in the middle of the market. It's more a case of sheer good luck then anything else. Rickerbucks