Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.840

-0.3%

1:23 PM EST

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To: Bill Wexler who wrote (660)	4/9/1999 11:54:00 AM
From: Marconi	of 10293

Hello Mr. Wexler: JBOH hit 16-1/2 today, 15-ish now Annual range, 3/8 to 25+. Over half way mark to high. Internet brokerages popular this last week, although earnings generally are not there. Seems like JBOH is getting toward short target range. I am using a strategy on the flying junk now. Take the high, assume it, and limit my short position to 5% of capital based on the high. Short only if in the upper half of annual range and no change in firms basics. Short roughly in proportion to the range defined by the annual high and the generally trading range the last 3 months. Go for 10-20% monthly gains and don't fall in love a gain, take it. Too many crazies and too much money sloshing around in this market. We could use a healthy spell of puff being taken to the cleaners and the money taken out of the market by loss of puff value--not in the cards yet, but it is inevitable. Best regards, m

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