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To: Susan Saline who wrote (16075)	8/31/1998 3:27:00 PM
From: Ron McKinnon	Read Replies (1) \| Respond to of 53068

Sue agree seeing huge tanks on small caps on tiny volume example MENS

To: Susan Saline who wrote (16075)	8/31/1998 3:28:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 53068

Susan: You could be right about the fund buying... Many stocks have taken a Crew Cut... They may be playing a bounce in the morning... If we don't get it, look for more panic selling... Jim

To: Susan Saline who wrote (16075)	8/31/1998 3:46:00 PM
From: tom pope	Respond to of 53068

I hope you're right about fund buying - but this means they are not worried about investor liquidations. If they're wrong, if the little guy starts to liquidate his fund holdings, then the situation gets even worse... There may well be a bounce - how could there not be with stocks like CMGI and TLAB down over 50% from where they were a few weeks ago? But I'm not sure it will be more than a bear market rally - sharp, but unsustained. To be played very carefully.

To: Susan Saline who wrote (16075)	9/2/1998 12:37:00 AM
From: AlienTech	Respond to of 53068

>>low volume selloff on most I follow (100 to 1000 shares) then ...every so often HUGE buys at the ask (50k's)<< This usually means when the price is falling that the funds are selling out and when the price is rising that they are buying. >>this is fund BUYING<< Was the price falling? If so then it was the small investors buying as the funds were hitting the bids but then the price drops and the block they just sold shows up. The MM's do this to give the impression that not that many sellers are around. Now something I saw today on WCOM, ASK size 99999, Lots of small investors buying 100-500 shares, the ask size kept going down as the fund ran out. uptick. Guess more small investors were buying since they price was UP like 1 at the time, but it closed like +4. But normally if I saw a size like that I would be out the door faster than you can say, hey lookieatthat.