Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.847

-0.2%

3:50 PM EST

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To: Pallisard who wrote (5579)	12/20/1999 4:26:00 PM
From: BelowTheCrowd	Read Replies (4) of 10293

Boy, those of us who followed Bill must have been completely destroyed, huh? First, anybody who follows anybody else without their own investigation is just plain dumb. I don't feel sorry at all. Personally, I followed Bill in shorting VLNC some time back around 10. I decided to cover around 5 because I didn't see any events coming that would move the stock lower. But lets say I did hold on. Lets see, I would have lost something around $10,000 bucks by now... And made double that amount on NVLS before I even got out of bed this morning! (Up 22+ with both the Dow and NAS in negative territory. Yippee.) Shorting is a useful hedge. Sometimes it works, sometimes it doesn't. If a single position can wipe you out, the position is way too big. I think most people on this thread know it. mg

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