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

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To: Bill Wexler who wrote (989)6/9/1998 12:11:00 PM
From: Graeme Smith  Read Replies (2) of 4634
 
Bill,

Good call on CCSI. Asensio's reports have just come out. I managed to get 2000 shares at 9 5/8 yesterday. I was planning to cover when the report came out (sell on the rumour, cover on the fact). After reading the level of the fraud I have decided to hold my short until 0! Maybe! (probably not).

I thank Nick too. It was his reaction that convinced me to short, normally I just lurk looking for ideas. I didn't do a lot of DD, but the company certainly seemed very dodgy.

Bill what made you first look into CCSI. Did you hear of it on Rogers thread or did you have any indication that Asensio was investigating.

I was lucky that I heard about Asensio's rumour investigation Friday on the CCSI thread. If I had missed it l'd have been too late to short today. Did you have any fast line to that rumour?

Graeme
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