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Technology Stocks : Audio and Radio on the Internet- NAVR -- Ignore unavailable to you. Want to Upgrade?

To: Annette who wrote (2213)	12/10/1998 11:33:00 PM
From: shane hartman	Respond to of 27722

>So you are saying the MMs WANT the stock to go down to make money? >Why? So we get scared and sell and they snatch them up at a low >price? Exactly. When a stock spikes like NAVR, there usually isn't enough to go around. So market makers create stock by shorting it. If it continues to go up, they lose money. So they cover when it goes down. They probably shorted a lot of stock on the run to 27. Also, they can take on inventory if they think it will go up and sell it us later for more.