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

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To: mesaone who wrote (3363)10/4/1998 7:46:00 AM
From: Bill Wexler   of 4634
 
Oh, and one more thing mesamoron:

I've noticed that the latest bullcrap that scam stock shills have been spouting is that the short sellers have been "lucky" because "anyone can make money shorting in a falling market".

What's interesting about all this is that I haven't been shorting in the falling market. In fact (as I've already explained many times), I have used the massive downdraft as an opportunity to cover many of my short positions and have begun rapidly buying quality issues. I certainly didn't pick the bottom, but I can assure you that I am extremely confident I will eventually be proven 100% correct....yet again.

Note that all of my best short picks were made before or during the most speculative and wildest upswings. Particulalry the Y2K shorts in 1997.

Biotime continues to be grossly overvalued and will eventually, and inevitably, trade significantly lower.
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