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: taxikid who wrote (801)	5/8/1998 5:02:00 AM
From: taxikid	Read Replies (2) of 4634

i did a breakdown, since my last post.. 1 sh of ea doom pick..=$119. since most soes people and daytraders use round lots of 1,000 i will use such in my analysis. $119k short requires $60 k of cash. so we started with $60k.. today we have: athm 38.125 vs 21=+17.125 +80% btim 9 7/8 vs 17= -7.25 = -40% tcoma 33 3/8 vs 30= +3.375= +11% trbo same zitl 7 15/16 vs 12= -4= -33% (there was a squeeze to 16?} zona 38 5/8 vs 21= +17.625=+80% tally sold for 119k (margined $60k) covered today @ close=159 13/16 (roughly) call it $160k 160k minus 120k=(giving you the extra k) $40k lost... umm.. 33% left of 100%. the squeezes may have forced people out @ the highs...due to margin. short selling the doom index is dangerous. -66% in a few months ain't a good fund manager. sorry, taxi

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