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Non-Tech : Bill Wexler's Dog Pound
REFR 1.5600.0%10:35 AM EST

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To: Bill Wexler who wrote (1013)5/14/1999 6:40:00 PM
From: Bill Wexler  Read Replies (2) of 10293
 
Wexler changes his market outlook.

Today's bond action and the perception (I think the right perception) that there is a good chance the Fed will tighten means that its time to blow out some stock (which I have been doing all day).

I also bought puts on nearly all of my remaining long positions - including CSCO and COST.

I don't think next Monday is going to be pleasant (except for short-sellers!!!) If the fed raises rates I will be immediately shorting some big-caps and will definitely be on the phone all day looking for more borrows on all of the small cap frauds that I've previously mentioned in this thread.
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