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: redwood who wrote (3893)	12/1/1998 2:24:00 AM
From: Bill Wexler	Read Replies (2) of 4634

Hello all. Sorry, but it's been a hectic Thanksgiving weekend. I did answer some PMs but I haven't had time to make general posts. Today, I sold some covered calls on a portion of my Cisco position. I bought more CPU and IFMX, in my eyes both these companies are still dirt cheap and the stories can get much, much better. I am holding all my COST, and have buy orders in in case it dips below 60 again (may...may not, we'll see). I haven't done anything else with my other positions (including shorts). I was pleased to see a little decompression in the internet zaniness today. Short term, I have no clue what the market will do. But in the intermediate term (going out a few months and into 1999) I am convinced we are headed much higher. As far as the ongoing Datek buy-in saga. i'll say it before and I'll say it again....we are in a amrket where there is a supply/demand imbalnace for equities, which means the frequency of buyins is going to go up. Datek seems to be the most notorious broker in this regard. Stay away from it.

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