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 (2585)	9/10/1998 8:31:00 PM
From: AHM	Read Replies (2) of 4634

Apart from your superannuated ego, what facts do you offer to corroborate Y2K is a hoax and a fraud? These are criminal charges you are making. Have you no sense of propriety or decency - or is your sick, sick ego only assuaged by making libelous statements for which someday you will wind up paying a huge price? It's one thing to say that market sentiment does not support the initial high price levels of these stocks and that they must decline in value when the public assesses the risk. Exactly who are the perpetrators of the hoax? Can you name individuals, or identify corporate news releases or identify publications and justify the charge? Exactly who are the perpetrators of the fraud? Can you name individuals, or identify corporate news releases or identify publications and justify the charge? Your unsupported libelous charges imply a conspiracy - also illegal. Express any opinion you want. I have no argument with that! But stop the repeated statements of fact that are libelous and injure the interests of the companies involved in your false, misleading and damaging accusations. Once more: opinions and recommendations to those who follow you are not the object of my criticism. It is the stepping over the line and claiming factual information without a shred of corroboration that I find immoral, illegal and beneath contempt. I realize this thread was established by you to massage your ego - goodness only knows that you have a following that strokes you with each and every libelous pronouncement. I challenge you to document one fact that supports your claims of hoax or fraud. Decline in stock prices does not constitute corroboration - only market disenchantment. If charges were expressed as opinions, I wouldn't make such a challenge. Anybody can hold an opinion without having to prove why they hold it. You fail to recognize you are publishing libelous statements and sooner or later someone will hold you accountable, no matter what the cost, and force you into insolvency. How long do you really think you can get away with it? In a rough market, you are courting the most extreme danger in misstating your personal opinions as if they are fact. It is immaterial that your projections of market decline from time to time prove to be correct. It is most material if just one company suffers damage because you libelled them or their management. I have from time to time shorted many of the company's you name as being overpriced - but this was due to a personal judgement call as to a forthcoming change in market sentiment. This year most of my shorts have proven far more profitable than my longs. Never....Never have I felt that there was a hint of scandal or illegality associated with these companies. Everybody knows that Y2K investments are full of risk - and the key to corporate profitability must look ahead to what the company will look like after the turn of the century. Investors who don't look that far and make false assumptions take their own chances. This is not the result of a hoax or fraud. It is investor naivety. The same naivety that exists in many other investment areas because of a "herd" instinct. Are most internet companies and their managements perpetrating a hoax or committing fraud? I'm sure you agree that for the long haul most of these stocks (but not all) are incredibly overpriced. Wexler, I can't help but observe you always pick on smaller companies and avoid the big caps who might easily strike back. I wonder why?

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