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Non-Tech : Bill Wexler's Dog Pound
REFR 1.560-2.5%Nov 7 9:30 AM EST

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To: Kevin Podsiadlik who wrote (4147)10/4/1999 11:03:00 PM
From: DanZ  Read Replies (2) of 10293
 
Kevin,

This isn't the only thread on SI that I post to, thank God. I posted about MUEI, DIS, RATL, MAT, and TIE today and yesterday, and I'm sure I left a few out. It's not by coincidence that I didn't even mention GUMM on the Z thread or didn't post on the GUMM thread today. You see, I only post about GUMM when there's something to post about. I didn't have anything substantive to say today...until I read yet another BS fraud claim here at the dog pound.

You still didn't answer my question about your being hypocritical. Why is it tolerable for you to hear XYZ is a fraud over and over again from Wexler but you don't like my saying that XYX isn't a fraud? Let's see, Wexler charges fraud. I say it's BS. Wexler charges fraud. I say it's BS. Can you count? How many times did Wexler claim fraud and how many times did I say it's BS? Who initiated the conversation that resulted in my saying it's BS? Is this really hard for you to grasp?

<I knew the moment that Bill mentioned in passing "stock frauds like... GUMM...Doesn't it bother you to be so friggin predictable?>

Well, Kevin. I knew the minute that I saw Wexler post on this thread that he would mention fraud and GUMM in the same sentence. Doesn't it bother you that he is so friggen predictable?

<It's something called "dollar cost averaging">

Come now. I know what dollar cost averaging and money management are all about. The problem is, you can only average to the extent that you have money. It isn't obvious from the buy, buy, and buy more, short, short, and short more recommendations that one would have enough money to do all these trades. This is especially true when you trade on margin and losing positions zap your equity. Bill has already tripled his short position in GUMM. This is three times the full position that he originally thought he was going to take. How many stocks can you triple your position in before you run out of money, especially when those positions are moving against you?
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