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: Mad2 who wrote (1694)	7/20/1998 6:37:00 PM
From: Bill Wexler	Read Replies (2) of 4634

I've kicked the idea around with a few people some time before the split (when it was trading at around 110 a share or so). The technology is interesting but obviously the company is grossly overvalued and profits are very, very far off. Now that the wind has been knocked out of its sails and the momentum is obviously receding it is probably still a good short at these levels. However, I've noticed that investors in gee-whiz automotive technologies are nearly as fanatical, self-righteous, and just plain silly as Y2K cultists. Ironically, this is especially true if the technology they're investing in is bogus. Check out BAAT and TRBDF to see what I mean...TRBDF can send its stock skyrocketing by dropping one or two mild rumors. BLDPF's technology at least has a realistic chance of commercial viability - so imagine what can happen if they really pump up the hype machine again.

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