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Re: DoDahMan post# 1435

Saturday, 04/17/2004 4:56:30 PM

Saturday, April 17, 2004 4:56:30 PM

Post# of 65657
recent MM strategy

DooDahMan, allow me to interject an opinion into this conversation if I might. You ask why the MMs as a group might be putting artificial downward pressure on the pps these last few months.

I asked Mr. Karla that question last week. His answer was in part that he felt 'that they already know something'. My interpretation of that answer is that it is quite possible that the MMs have for some days now been aware of the likelihood of upcoming (revenue generating) PRs, and that therefore they have been working the price downward so as to shake out stock from the weaker hands out there. As they acquire those shares they increase their profit if indeed these PRs finally surface.

Certainly much of the downward pressure on the pps recently is from dilution, but I believe that a lot of it is also due to that of my conjecture here.

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