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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: timers who wrote (22700)	3/20/1999 1:07:00 PM
From: makin_dough99	Read Replies (1) \| Respond to of 122087

SEVL - In My mailbox: 7TH LEVEL INC (Nasdaq:SEVL): The stock surged up to $6.75 in the early morning last Friday, then retreated to the range of $5.75 to 6.00. Why? First, maybe the company will come out with some news next week. Second, market makers play some game here. They want to cover their positions first, pushing the stock up. Thus they can suck people to get in, and then drop the bid and shake people out. No matter what happens, we covered our short in the opening, because we saw little strong opening in the morning. We have never seen it before. We are looking another re-entry point to short the stock unless the company comes up with "big" news again. The stock is rated as strong sell.