Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.847

-1.2%

Nov 14 9:30 AM EST

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To: Mike M who wrote (7414)	8/15/2000 9:32:59 AM
From: Hank	Read Replies (1) of 10293

"Corrections are a part of the game." Since when is a 66% decline a "correction"? I'd call that a crash. There isn't a short term trader in the world that would tell you to hold on to a position during a 66% decline and average down. Yet, the Z-Worst fools have done just that. I would respect their decision more if they had a 10 or 20 year horizon but they post their "average beating" portfolio in the Short Term Traders forum. They claim they made 178% in 1999, yet they are only up 5% so far this year. Big deal. A monkey with a set of darts and a copy of the Wall St. Journal could have gotten that lucky in 1999. Real traders, however, can make money in any market or they become real broke, real soon. I predict that Z-Worst's measly 5% gain will rapidly turn into a large loss by the end of the year and GUMM will be one of the portfolio's biggest losers.

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