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

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To: Bill Wexler who wrote (3701)11/12/1998 6:55:00 PM
From: Bill Wexler  Read Replies (3) of 4634
 
Did anyone see the action in AVCO today?

Yowza! Things are a getting a bit silly in the internut world again...aren't they?

Can you imagine someone who was short this thing at 8 in July and rode it down to 2, letting the position sit uncovered because he didn't want the tax hit until next year and assumed it was a dead stock anyway?

If this doesn't clearly illustrate the risks in short-selling, I don't know what does.
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