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: Ploni who wrote (2898)	9/20/1998 11:26:00 PM
From: Hank	Read Replies (1) of 4634

Charles, I think you have to be patient with ATHM. Before the last drop, I shorted a little too soon at around 40. Then I watched as it climbed to 48. However, during the last severe market drop, I was able to cover for a tidy profit. Looks like I did the same thing this time by shorting at 34. The data shows that buying is drying up and I expect another drop very soon, probably into the low 20's. Of course, it could tick as high as 41-42 first but I don't think much higher. This is one of those stocks that you just have take incremental small short positions in with the understanding that it is extremely volatile. If you are patient, you will make money. Hank

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