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To: Elliot Puritz who wrote (3666)	5/18/1999 9:32:00 AM
From: jackhach	Read Replies (1) \| Respond to of 13797

Elliot, No; typically the rationale is that they want the flexability of changing their minds by day's end without having to necessarilly re-enter an order if they decide not to. As I understand it, however, is that those shares are immediately set aside by the market makers at a limit or current market price and then sold within 10 minutes to close -- they attempt to enter it as the last trade of the day when/if possible. The shares have already been factored into the prevailing/active pricing (supply/demand.) In yesterday's case -- the seller mistakenly placed the order at market of .93750 or at a limit of same in the morning when that seemed prudent to do so. -JH

To: Elliot Puritz who wrote (3666)	5/18/1999 9:40:00 AM
From: Geoff Altman	Respond to of 13797

Doesn't make much sense to me either unless someone is doing what Elliot said. With the volume of ALTS being so low it's amazing how easy it would be for someone to manipulate the price. When is the ALTS conference? Perhaps somebody expects some good news out of the conference, watch for a large buy at the opening of the market today. Totally speculation on my part of course.