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TFWG

05/06/05 11:27 AM

#106021 RE: laranger #106000

A buck swing today so far. I'm not too worried either way. We need to hold until May 31st. For some reason, there still is a huge supply of inventory. TC posted last night that the money flow has been positive the last two days. I know this will sound dumb: but, somebody is selling and somebody is buying. The MM's are maintaining liquidity at these levels with inventory. I don't think it's short selling.

Best,

Bob