Bill Wexler's Dog Pound Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bill Wexler's Dog Pound

REFR 1.770

+1.2%

12:11 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill Wexler who wrote (6399)	1/29/2000 2:51:00 AM
From: Bill Wexler	Read Replies (4) of 10293

Sorry I wasn't able to post Friday morning (damn DSL connection on the fritz). Bought a stake in GY (hey, I accounted for 30% of Friday's volume!!) Still hanging on to all my boring value plays. I'll be collecting dividends on WM, HCN and FFA this February....Ka-ching! (For those of you that don't know what a "dividend" is, it's money distributed to shareholders by a company that actually has revenues and earnings). Unwound some more tech positions and raised a whole lot of cash. My covered call positions on all my remaining tech are at the highest level I've had them in a decade. I continue to believe that market risk is unacceptably high to speculate in high-multiple or no-multiple techs...even the quality names. In fact, I think risk is even higher now than when I first started turning bearish simply because margin debt has skyrocketed over the last few months. The potent combination of rising interest rates, rapidly declining equity prices, and the outside chance that margin requirements will be raised will only amplify this downward trend. I continue to recommend selling/hedging into any short-term rallies created by dipsters. Increased short positions in the VLNC, GUMM and PRST stock frauds. I also reinitiated short positions in the CCSI and ZONA stock frauds. I will be looking to SIGNIFICANTLY increase short positions if the market continues to deteriorate. REFR is finally co-operating. I didn't short more since it has crashed 30% in a few days. I'm waiting to see if it can be pumped up a bit more.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next