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: McNabb Brothers who wrote (3530)	11/2/1998 5:15:00 PM
From: Bill Wexler	Read Replies (2) of 4634

<<Seems you are coming back to the same old thread where no matter how good your calls on the market and individual stocks are they still bash you!>> Interesting, isn't it? What puzzles me is why posters such as TokyoMex, who has a long track record of spectacular losses get so much attention. I think a lot of it has to do with the inability of many of these people to stop their compulsive gambling and start investing. I can't begin to recall the number of times I've been criticized for making a "bad call", simply because the stock went in the opposite direction the day (or sometimes the hour) after I picked it (short or long) - only to have it prove itself a big winner in the long run. I would bet (pun intended) that each SI poster were given a bag of casino chips, and the casino gave them the option of immediately trading their chips for the casino's stock at a 50% discount - the only caveat being that the stock could not be sold for 1 year, most of these people would probably reject the offer and run to the craps tables.

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