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

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To: Bill Wexler who wrote (1408)7/10/1998 7:33:00 PM
From: Bill Wexler  Read Replies (4) of 4634
 
Comments on other stocks I am short...

HEPH - an outright fraud. This company claims to have an AIDS medication in the works based on their "proprietary" formulation of DHEA. DHEA is heavily touted by quacks as a cure-all. This stock is eventually going to zero. I haven't covered a single share.

ALTIF - Garbage. Worthless minig company run by 5 con-artists. They also claim to have a "unique" technology for mineral separation. Stock is going to zero.

ZITL - Nice trading short. Have covered and reshorted several times. Stock recently reached a low < 4 and has burped back up to 6 and change - probably due to stock shenanigans revolving around its recent dilutive convertible. The stock is worth pennies. Patience will get it there.

TRBO - continue shorting at any price over 5.

QNTM - I covered a bit in the high teens. I still don't think the drive makers are going to be able to dig themselves out of the hole for a while. I'll hang on through the next earnings report.

TAVA - Tava is one of those few wonderful companies that actively helps short sellers. It paces its hype press releases well, throws away money, mismanges its business, and massively dilutes its stock by pledging 100% of its assets for a few million bucks. Short at any price over 5. Aggresively short at any prioce over 10.

AVP - I'm still building a short position. I don't forsee an upside surprise in the next earnings report. However, if it is neutral or only slightly negative, I will probably cover 100% (even at a loss).

GBUR - I continue to build a short position. The company is grossly overvalued and I'm confident that it will eventually trade in the single digits.
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