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Non-Tech : Bill Wexler's Dog Pound
REFR 1.340+5.1%3:59 PM EST
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To: chojiro who wrote (9293)3/7/2003 1:26:53 AM
From: Bill Wexler   of 10293
 
I've been covering. On the other hand, I tend to be early. I'm also fairly well diversified. I've never been in a situation where any one position could destroy my entire portfolio...however, I did get hurt shorting internet stocks during the bubble. The price rises were so extreme...and he floats so tight, that I was simply killed on buy-ins.

For the most part, I've stood pat on the outright frauds...because I knew that - sooner or later - the truth would surface. I knew that Chromatics Color Science would fail in trying to pawn off a cheap cosmetics color-meter as a breakthrough medical device. I knew that Zonagen would fail in relabeling an ancient and dangerous vasodilator as an ED drug. I knew that Turbochef's "revolutionary" oven was nothing more than a combination Microwave and convection oven priced at 10x what a similar item would cost you from GE or Kenmore. I knew that MTXX/GUMM's promotion of an inert "Homeopathic" gel as a remedy for the common cold would fail.

In every single case I was 100% certain that I would make a profit from shorting the stock...because ultimately, you can't fool mother nature...no matter how many hundreds of cheerleaders typing furious rants on message boards claim otherwise.
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