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: valueminded who wrote (1826)	8/1/1998 3:32:00 PM
From: Bill Wexler	Read Replies (1) of 4634

I was actually expecting BGG to come in below the already downward-revised estimates...the actual earnings report didn't really do anything one way or another. I think the stock is either going to hover at these levels for a long time or keep drifting downwards very slowly. I covered half of my short position at 33 and change, and I'm either going to cover the rest next week or sell puts at the 35 strike to try and squeeze out some time premium. I still consider ZITL, CYBG, GBUR, ZONA good shorts at current prices. I'm now neutral on TAVA because the hype is still overwhelming, and there are still a lot of suckers left out there who will think 5 or 6 a share is "cheap"...look to reshort this one on any runups. Also take a look at HEPH - a "short to zero" situation - but you'll have to be patient. I covered athm a long time ago.

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