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

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To: lindend who wrote (2785)9/16/1998 7:43:00 PM
From: Bill Wexler  Read Replies (1) of 4634
 
Just about every scam stock has popped up today. Remember that many short sellers will cover in a rising market to take profits (we have had a spectacular run - and stocks do not go up or down in a straight line).

Even the most grotesque frauds such as ZITL, CCSI and ZONA have had numerous runups and short-squeezes.

In situations like this I will either sell puts and wait to short more when the market settles.

I noticed that 90% of the Zonagen posts by "longs" on the Yahoo and Motley Foll threads are eityher regurgitation of the lies spread by Dan Ramsey and other Zonagen stock promoters....or an insult directed at me. This should tell you something.

Nothing has fundamentally changed about Zonagen. My opinion has not wavered one bit. Zonagen is a fraud and a scam and will inevitably trade in the single digits. What it does in the interim before Vasomax is rejected is anyone's guess.
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