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To: LK2 who wrote (306)	12/4/1998 6:57:00 PM
From: William Epstein	Respond to of 1989

TO ALL; LARRY KUZNETS made me aware of the SI inbox for private messages. I confess, I wasn't aware that it existed. Looking at the inbox I see that I have messages from many of you, all the way back to August. Please accept my apology for not answering my mail. I can see that my ignorance may have contributed to creating some false impressions. I will spend the weekend reading my messages and try to reply to all messages that still have any relevance. PHOTOMAN

To: LK2 who wrote (306)	12/6/1998 4:33:00 AM
From: William Epstein	Respond to of 1989

Larry Kuznets, Kanuri, David Jones; Looking at the charts, both long term and short term. SEG began last week right on the 180 day SMA line and finished the week at 32, right on the 120 day SMA line which is a little higher. It hasn't touched the 120 day SMA line since Sept., 97 when it crossed below it during its decline. Before that and for several years, prior the 180 day line always formed the bottom support line for the stock. I don't know the exact significance of these figures with regard, to future pricing but I'm sure that the exchange insiders (floor traders, specialist, etc.) are aware of it too. I do believe that going above and remaining above these averages has to bode well for the stock, on a longer term basis. We are at a critical moment in this stock's history. What it does, from here on out, will affect my future investment decisions. PHOTOMAN