Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.910

+3.8%

Oct 31 9:30 AM EST

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To: DanZ who wrote (3621)	9/16/1999 6:24:00 PM
From: Druss	Read Replies (2) of 10293

Dan--I don't feel cult is a good description at all of this thread. I check this thread because Bill often comes up with good shorts. For instance I like ZICA and after doing my DD will short it. I don't like GUMM short. My assessment is that the stock has minimal downside on the short to medium term because the longs are holding to see the results of various events that may impact the stock price in their favor. These events have been discussed here. I personally don't see much risk that the NEJM article will be accepted at this point, but people are holding and hoping for it. The other events may or may not occur. Regardless, I do not like long term shorts, Bill does. If and when I short it will be because the current business plan has essentially failed, I can get just as much out of a short and in much less time by riding it down if the stock breaks. Shorts are anything but mindless cult followers. The market averages a 10% gain a year. We have to swim against that current. I don't know a single short who doesn't research his plays extensively. All the Best Druss

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