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: Jim Roof who wrote (349)	3/12/1998 3:32:00 PM
From: Bill Wexler	Read Replies (2) of 4634

It's foolish to try to predict prices based on "technical analysis". ZONA is a good short at 21. It's also a good short at 31, and it's also a good short at 11. The reason being that Zonagen is not worth 5 a share. In time, Zonagen will trade in the low single digits. I laugh whenever my "fans" squeal with delight every time a stock price moves against me in the short term. I would be more impressed if you could demonstrate that the fundamentals of a business I felt was crappy suddenly got better for reasons I didn't expect. If you want to gamble, go to a racetrack.

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