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To: William who wrote (7163)3/25/1999 3:34:00 PM
From: William Epstein  Respond to of 7841
 
WILLIAM; AS I SAID, YESTERDAY.

If past bottoms serve as a guide, he needs 10-12 mill. to turn it around. That seems to be the gross number for the stock to reach oversold levels. I have seen it in 1 day or 2 day or 3, 4 mill. share days. My best guess is that this completes the move. I could be wrong and it could be different this time. Even if I am he has to take it up somewhat to unload some stock. I'll bail out then and reverse position if I think its a dead cat bounce like the last one. That is why volume, not price was my concern this morning. I checked the 1 day candlestick twice today. Its all buying, no shorting today. He's been holding it at 27 1/4 to 28 all day. Average price for the two days is about 27 or about 1/2 point lower than the last bloodbath. Volume is almost 100% positive. What does that tell you?
PHOTOMAN



To: William who wrote (7163)3/25/1999 3:50:00 PM
From: William Epstein  Read Replies (2) | Respond to of 7841
 
William;

Correction: the chart shows all buying until noon then a big block of shorts , 500,000 shares at about 11.58 AM and negative volume ever since. The stock is still weak.
PHOTOMAN