Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Hank who wrote (324)	3/11/1998 5:11:00 PM
From: Mama Bear	Read Replies (2) of 4634

>>>29 would certainly surpise me. It would be the first time in history a stock appreciated almost 50% without any serious buyers. Nobody in their right mind would go long this stock. <<< Hank, are you familiar with AVNT's price action after the incident related to the criminal portion of that case in April '97? Stock gapped down from ~29 to ~14 on the news, fell to 10, and then rebounded to 35. I think I would say nobody in their right mind would have gone long that stock, at that time, but they did. I thank my lucky ducks that they did, because I wouldn't have made so much money shorting it as I didn't become aware of AVNT until Aug 1, 97 (Asensio's initial report). It sure wouldn't shock me to see ZONA try for 30ish. BTW, I have never been able to borrow shares of ZONA, I quit trying after several attempts. I am currently waiting for Datek to acknowledge funds I sent them, and hopefully I will be able to build a position. Barb

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