EFTA01468068

Subject: Sell IPO? [C] From: Tazia Smith < Date: Fri, 28 Mar 2014 14:46:30 -0400 To: Jeffrey epstein <[email protected]> Cc: Vahe Stepanian < . Paul Morris >, Rich Kahn <MIIIIIIIIIIIIIIIIIIIIMfr. Classification: Confidential Jeffrey - Sell the CBSO? You're up -$1.7k (-29.7 vs 28 price, lk shs) Biotech extending losses, group down another -2% today. Though your ARIA up on takeout chatter. Near-term trend still lower - Sell BIIB, GILD, SGMO and FMI (up -$825k), or OK holding here? Definitely watching for an entry point when the group gets over-extended to downside. Crude your trade working with CLM4 - 100.96. Know this exactly reflects your expectations. Your intention was to take the trade ahead of expiry -- up $205.9k.* Touch base Mon on incremental upside..your view is further to run? *source: 3/28 db valuation statement. Represents mid-level Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management EFTA01468068