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Strategies & Market Trends : Bill Wexler's Profits of DOOM
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To: Bill Wexler who wrote (4008)12/18/1998 11:57:00 PM
From: 8bits   of 4634
 
<<On the other hand you may know the company far more intimately. Considering the large percentage drop in gross revenues and their trailing losses relative to current assets (i.e. how much longer can they afford to keep bleeding like that) I
would make damn sure I had a good handle on what management's plans are to turn the company around.>>

Thanks for the comments, I do know somebody who used to work for the company. His information is not entirely fresh however the size of my stake and the behavior of this stock is such that I think I could exit
without getting scalped. (However, I do consider this stock highly speculative) There is a group (a distributor) taking sizeable positions in the company at higher levels over a period of time which helps my confidence.

Not meaning to tout but you may wish to also look at GEMS. They're also trading below book have no debt and are on the NASDAQ-100 index.
I think it's a good trade after the tax loss selling. I'm anticipating
a 20% to 40% from today's levels in January. (About equal to a days rise in AMZN or EBAY, Jeesh)

Speaking of which look at the market value for the following:

quote.yahoo.com

Golly do you think FDX, the largest air freight company in the world, may get any money delivering any of those items various e-commerce companies which lose money on every product? NAW!
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