<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, March 16, 2016 10:04 AM</td></tr><tr><td>To:</td><td>Gianni Serazzi</td></tr><tr><td>Subject:</td><td>Re: this was the trade we discussed last year</td></tr></table>

how is the modeling biz? what are you seeeing<=r>

On Tue, =ar 15, 2016 at 11:14 PM, Gianni Serazzi <██████████████████████> wrote:

http://www.etf.com/sections/features-and-news/buyback-et=s-usually-outperform

thx

g

## please =ote

The information contained in this communication is confiden=ial, may be attorney-client privileged, may constitute inside informati=n, and is intended only for the use of the addressee. It is the propert= of JEE Unauthorized use, disclosure or copying of this communica=ion or any part thereof is strictly prohibited and may be unlawful. If =ou have received this communication in error, please notify us immediat=ly by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail=com> , and destroy this comm=nication and all copies thereof, including all attachments. copyright -=11 rights reserved

--001a114f325431342f052e27a267-- conversation-id 86215 date-last-viewed 0 date-received 1458122643 flags 8590195713 gmail-label-ids 7 6 remote-id 595790