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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Mama Bear who wrote (1613)7/16/1998 10:57:00 PM
From: Dr. Seuss   of 4634
 
Barb,

I've been short TALK for a while. I think it was sometime in March I shorted at 25 11/16. It's one I had been watching as a long for a while because of the large fund involvement and AOL association.

Since then, the short interest has risen dramatically and didn't let up until it's recent departure to 14. I was thinking about covering but didn't.

If I remember correctly, the association with AOL drove this one up on speculation, but the numbers haven't been good. In June the class actions began.

I do think this stock will ultimately trade in the single digits, but it may be a while. This has been one of my longest shorts, but a steady and regular ride down.

dr.s
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