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To: TEMFASSBAL who wrote (6784)2/5/1999 1:50:00 PM
From: William Epstein  Respond to of 7841
 
TEMFASSBAL;

The stock has already gotten into the $33 range just before 12 PM.
However, the volume doesn't show a bottom yet. Only 2,300,000 at 1:30 PM. If we don't see a bloodbath this afternoon we will see it next week. That is what I am waiting for.

I might add that though, the situation was different last year the behavior of this specialist basically remained consistent with current behavior patterns. The overall direction was opposite, that's all. I have been watching him for 2 years and formed my thoughts about him during the period, mentioned. That is why I feel brave enough now to try to anticipate his moves. I mention this now because I believe it was yourself who said, that no one can predict the future, which is true enough. However, this exercise is not about predicting the future but about predicting a pattern of behavior based on previously gathered evidence. Like the 12/31 alert, I posted. A fair object lesson, no?
PHOTOMAN



To: TEMFASSBAL who wrote (6784)2/5/1999 2:40:00 PM
From: William Epstein  Read Replies (1) | Respond to of 7841
 
TEMFASSBAL;

It looks like the specialist closed the trap door a little while ago. He brought the stock from 34 1/8 to 35 1/4 in about 5 minutes. Volume is still not convincing. Only about 3.3 million shares. I could be wrong about volume. I hope he does it again on Monday.
PHOTOMAN