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: Pancho Villa who wrote (3455)	10/8/1998 12:05:00 PM
From: Don Westermeyer	Read Replies (2) of 4634

Pancho, FWIW - I've been closing up my short positions. The recent correction has really been a sharp knife to many of the balloon/scam/tulip stocks in this market. I've thrown some money into some 'value' stocks. I've also been pretty successful for the last few months by playing stocks that have buyouts in progress (only cash deals for me though). For instance today it was announced MECK (IMO a real value play in the internet area) will be bought for $29. The stock is still trading at a $2+ discount buy should be completed by the end of November. There is always some risk that these deals don't go though, but I'll take that kind of risk over market risk these days.

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