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To: Ashley800 who wrote (1493)	12/6/1998 6:47:00 AM
From: herringbone_100	Respond to of 27722

I thought you might find this interesting in light of the tremendous run up of navr, and then the tremendous run down. ===================================================================== Many people forget or do not realize that the job of a NYSE specialist or NASDAQ market maker is to provide liquidity. This means that if a stock is falling and there is an absence of buyers, they must buy. Conversely, if a stock is running up quickly and there are no sellers to offset the buying, they must take the other side as sellers. This often times puts the specialists and the market makers at odds with the trend and or the current momentum. In many cases, the specialists and the market makers will actually sell so much of their inventory (personally owned stock) on the way up, that they become what the industry terms, "net short." This simply means that they have sold more stock than they own and will have to buy the stock back lower than their average short price if they are to make money. Therein lies the key to our philosophy. With specialist and market makers (large firms backed by enormous amounts of money) short, they have a vested interest in the stock dropping so that they can cover their open short positions at a profit. And believe me my friends, they will do everything in their power to make it happen. Otherwise they will lose, which they do at times, and lose big. ================================================================ pristine.com What do the think the MMs have planned next for this crazy 'internut'- that is having its' CEO on CNBC -Wed.? Think they brought the price low enough for them to cover already? I believe so. Herringbone_100

To: Ashley800 who wrote (1493)	12/6/1998 10:03:00 AM
From: TraderGreg	Read Replies (1) \| Respond to of 27722

Ashley--If memory serves me, AMEN was trading near its high at the time the CEO appeared on Squawk Box. Moreover, Monday was one of those bizarre days that in all likelihood would have produced a tanking whether or not the CNBC segment had aired. NAVR, while up a 100% from its pre-runup channel price, is well off its high of 27 and is extremely oversold. Given that the CEO's decision to sell a paltry 10% of his shares has caused the price to be hammered so hard the past few days, I can only see upside to his appearance on Wednesday. Of course, the above is predicated on the absence of any additional "bad" news. TG