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To: DrMedina1 who wrote (1033)6/26/1998 12:18:00 AM
From: Essam Hamza  Respond to of 2534
 
Well it looks like our "friend" continues to bring down the stock price near the end of the day with a couple small 900 and 1000 share trades.

It's great if you can pick up those shares in the late afternoon as the stock price usually begins the day at a much higher price. Unfortunately the whole trading day was at around the $1.18-$1.22 level today but when he sees it's quiet he'll bring the bid down to see if anyone will sell him their shares at the lower price.

I think he's becoming a bit desparate for shares and is trying to cover without running up the price too much. I doubt his plan will work much longer though as there is only a few days left before month's end and unless he has $2.50 for each share he's short (which is ALOT) he must cover in the next couple of days. I doubt he has that kind of money around for just one stock. Also we are seeing very broad based and steady buying coming in from many different areas. These are long term and very loyal investors who will outlast out "Short"term friend ;)

Essam.

Time Price Change #Shares
15:55 1.125 0.005 1,000
15:48 1.165 0.045 13,000
15:38 1.13 0.01 3,000
15:32 1.15 0.03 8,000
15:32 1.18 0.06 900