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: Bill Wexler who wrote (2210)	8/30/1998 4:54:00 PM
From: james paterson	Read Replies (1) of 4634

Bill, I wish I had found you back in Feb. I've been hurt shorting (mostly Cdn stocks) although just recently covered NT for $8. Cdn. My problem has been staying power. The mkt was moving up when I was trying to short & I got knocked out. e.g. Ballard Power I shorted it near it's all time high & within a few days it moved against me & I chickened out. It's now down around 40%. Another was WTC Western Copper on TSE I shorted it around 7 & again at 9, then they released mediocre results & it went to 11 & I lost courage. Now around 3. I now realize that in order to make money shorting you need to have confidence that it will go to 0. ALTIF definitely fits that bill. It was recommended by Bob Bishop at least 2 years ago & he's a real scam artist. I'm going to try my luck with some of your recos, but share your concern that the mkt could soon bounce. I think the Fed will be forced to ease in order to prevent a complete global fin meltdown. Regards, James

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