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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: BDR who wrote (1432)	6/20/1999 10:16:00 PM
From: Yamakita	Read Replies (1) \| Respond to of 10293

Hey Bill, you're getting famouser and famouser: Regarding Mr. Pink by: HeyMrHat (27/M/Appleton, WI) 83919 of 83922 I used to own stock for a company called Tava Technologies (TAVA), which became popular for landing Y2K business from several Fortune 500 clients in the area of embedded systems remediation (although that is not their core business). The stock ran up to about $13/share in April '98. Shortly after that time, it was found that Mr. Pink recommended shorting TAVA and just about anything associated with Y2K remediation. Another poster, who calls himself Bill Wexler, would post frequently on the Yahoo finance boards for TAVA. Even though he is a dignified short himself, I believe he takes a lot of advice from Mr. Pink. During the summer months of last year, and through the end of September, Bill Wexler would post brief messages on the TAVA board that he was going to short TAVA to $1. He would post in an almost Borglike manner, posting small sentences and stating possible future events as facts, as well as never responding to those who posted back to him. Do not be surprised if you see this alias come onto this board as he knows Mr. Pink's positions well. Bill Wexler, being the spineless weasel that he is, covered his position at $5 instead. The stock dropped just below $3, where I bought, and I sold a month later at $6 1/4 to get out of a big hole and make a profit. However, I felt very lucky to get out OK. If you see Bill Wexler on this board, please realize that he sometimes rides the coattails of Mr. Pink and is also very powerful. They communicate with each other quite frequently. I believe Bill Wexler also has his own SI message board and his own following. Do not be surprised if Bill Wexler posts in a similar manner to the Mr. Pink fake aliases if he does post here.

To: BDR who wrote (1432)	6/20/1999 11:41:00 PM
From: Mark Marcellus	Respond to of 10293

<Can you short from the web site or FOX or must it be called in?> You can short using FOX, but be warned that it is incompatible with IE 5.0. No estimated date or promises for a fix. It was suggested that I trade using the Web site if it's a problem. I have a feeling that FOX is going to die on the vine. Also, unless you're shorting a very liquid stock, you'll probably have to phone it in. Limit orders have a tendency to sit there and be ignored even when the stock comes up to meet your price. You're better off calling first thing in the morning and talking to a trader. If I recall correctly, you get the lower commission if you enter the order first and then follow up with a phone call to check the status. As far as I know, you can't short BB or < $5. At least you couldn't last time I asked, about a year ago. Covering can be an adventure too. One stock I shorted went to the BB, and I put in an order to buy to cover at $1.50. A few days later it hit my price on the ask, but nothing happened. I called up to find out why and the reason I was given was that Fidelity didn't fill the order for my own protection, because BB stocks are dangerous for individual investors. I pointed out that since I was covering a short, it was probably safe for me to buy. After a bit of discussion, they agreed to fill the order for me at my price. Those are the minuses for Fidelity. There are a couple of strengths. First, they do have good availability for all but the most illiquid stocks. Second, I've held a couple of shorts where others got called in and I didn't. I don't short that often, so I may not have enough of a track record to be statistically reliable. However, I have never come across anyone who reported being called in by Fido. HTH, Mark Edit: Oops, this was meant to be a reply to Linden.

To: BDR who wrote (1432)	6/22/1999 12:13:00 PM
From: lindend	Read Replies (1) \| Respond to of 10293

I asked Fido why this is, and this was their reply: Short selling is not a feature offered through the online trading function of the Fidelity Web site. This is a decision made by our risk management group due to the complexities involved in these types of transactions. Losses are potentially unlimited with this type of trading. I've seen the same stuff spew from longs on SI like +afrayem onigwecher exchange2000.com Don't think I incurred an infinite loss with NCDR! :-) When will Fido enter the Internet age and stop hand holding people?