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: Bill Wexler who wrote (4534)	2/27/1999 11:56:00 AM
From: Michael	Read Replies (1) of 4634

I understand very clearly what you are saying Bill. I made a Zitel short my #1 investment for all of 1996 and 1997. Now that a forced buy in made me cover 75% of a now unshortable Zitel. An ALTIF short position is my # 1 investment, only this time it is a much smaller per cent of my overall investment capital. In Sept. of '97 , when Zit soared to over 25, the crooks behind Zitel almost squeezed me. My account was at 30 % margin level and under 30 % during one day. I choose not to repeat this in the future, no point in being right and broke. Now ALTIF although my #1 position, is at slightly less than 10% of my investment capital. Ps: now rich and semi-retired, quit a bs partnership and going back to college and running a couple of small side businesses. Sure is a nice day michael

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