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To: D PARKER who wrote (3672)	10/16/1998 6:47:00 AM
From: Malko	Respond to of 40688

Good day to all, I had an interesting discussion with someone knowledgeable yesterday. We were talking about the Market and the volatility period it suffered for the past weeks. Ho told me that he knows that this was a big manipulation, planned and executed by a pool of Big firms who have been holding short positions on certain stocks, including Internet Stocks, and needed to create, through sending analysts to the media, a general panic causing a major sellout. They have covered most of their short positions, but some like ML, couldn't avoid a major loss and cut in staff. Their timing was planned, in between quarters, to avoid what we are seeing, better than expected results on most corporations, even though we have been poundered on the media about the global crisis and on how bad things were supposed to be. All we have heard from analysts, that overnight, the US enetered in a depression is just BS. The proof is in front of our eyes. Many tried so hard to push the Dow down back to the 5 or 6000 point, they failed. Just giving you in a few lines what I was told yesterday.And I believe it. regards Malko