Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.770

+1.1%

12:43 PM EST

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To: PLZN who wrote (7313)	8/9/2000 10:25:33 PM
From: Bill Wexler	Read Replies (1) of 10293

I typically make a statement like that when one of my short positions cracks badly and I cover 100% or near 100% (as was the case with REFR). I rarely hit a short at its peak. I've been squeezed countless times and I have averaged up and reshorted buy-ins...it's part of the game. The fact of the matter is that MOST of the frauds I short hang around for years on end. Sometimes they get re-pumped again and again (MCHM is a fine example). On rare occasion, the fraud truly does "come to an end". For example, I shorted Cyberguard after (quite by accident) I uncovered accounting fraud months before the company was forced to disclose it publicly. The stock went to zero. This one was particularly gratifying because the notorious con-artist, Joe Park aka "TokyoMex" was relentlessly hyping the stock. IDX is relying on stock promoters to artificially inflate the price. Most of the "good news" coming out of the company is Westergaard spin. This is not conjecture on my part...it is carefully researched FACT. The absolutely pathetic numbers in the 10-Ks speak for themselves.

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