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

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To: Peter V who wrote (1866)8/5/1998 9:20:00 PM
From: Bill Wexler  Read Replies (2) of 4634
 
Nice thing about down markets....

Good stocks get beaten up, but scam stocks get WASTED!!!!

GBUR is still very much on my list. This one is really a no-brainer for patient short-sellers. The company is burning cash at a horrendous rate trying to build a market which simply isn't there. There's a good reason McDonald's failed with its Mclean sandwich and Fresh Choice (SALD) restaurants went down the tubes. The market for vegetarian fare (or meat-"lite" products) is extremely limited and not all that profitable. Don't bet against basic human nature.

Be careful with ZONA. I haven't covered a single share, but another runup wouldn't surprise me. The people involved in this scam are the worst sort of crooked con-artists. In the long run, Zonagen will indeed trade in the gutter.
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