Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bill Wexler who wrote (2437)	7/20/1999 10:06:00 PM
From: Bill Wexler	Respond to of 10293

IDX shill "brad greene" likes to keep score: techstocks.com Current bid for IDX: 8 3/16 VLNC shill and all-around loon Robert Yoest also likes to keep track of the score: techstocks.com Current bid for VLNC: 6 1/4

To: Bill Wexler who wrote (2437)	7/20/1999 10:12:00 PM
From: Bill Wexler	Read Replies (3) \| Respond to of 10293

What will 7 bucks and change buy you nowadays? 1) A burger, fries and shake for yourself + a "Happy Meal" for the kid. 2) One share of compressed-salad manufacturer Gardenburger (GBUR). 3) One share of phony ED-drug pusher Zonagen (ZONA). Decisions, decisions.

To: Bill Wexler who wrote (2437)	7/21/1999 11:36:00 AM
From: Marconi	Respond to of 10293

Hello Mr. Wexler: a bearish thought If I recall there is something like 50 to 100 times currency trades as equity trades worldwide. The bizarre intervention by the Fed to debase the dollar vs yen Monday and the BOJ failed intervention to weaken the yen earlier this morning speak of concerns both sides of the biggest water. Premise: hedge funds through electronic trading are attempting to both leverage beyond regular market limits some of the inefficiencies between markets in trade, currency, and equities. Therefore hedge fund positions fill into the gap between securities trading versus currency trading, and also with some respect to the flow of goods between countries. If this were so, it would put a shakeout cap on the hedge fund net exposures at something under the currency volume in trades. In other words, the volume of currency trading is powerful enough to aright misallocations in hedge funds--a safety valve of sorts, rather than a debacle where too many fail to participate, liquidity dies, and irrational mechanisms drive the predominant market action. Previously the exposure to hedge funds was unknown and stats are not collected by agencies to any meaningful degree. If my premise is reasonably on target, then currency trading volume could be a proxy for capping the net value of the potential hedge fund exposure and also a mechanism to clear it. The currency markets are going weird, at least on yearly trends as of late, and interest rates seemingly have decoupled somewhat from the major currencies floating value. This is unsettling. I agree with you, a bout of panic selling would be healthy to relieve some of the puff in the equity markets, and would therefore give room for rebound assuming the money continues to be manufactured and continues to go into the market on net. How does this wash with you? And thoughts please, anyone. Where is Joey -Two-Cents? Best regards, m BOJ = Bank of Japan

To: Bill Wexler who wrote (2437)	8/2/1999 5:28:00 AM
From: Bill Wexler	Read Replies (3) \| Respond to of 10293

Wexler gets even more bearish. Nothing has happened to change my market outlook, in fact, I think market risk is increasing at a horrific rate. Those that have been following my thread know that I have been unloading lots of stock over the past few weeks and selling calls. In the same way we have been buying quality issues on pullbacks since the bottom put in last October, I believe that any rallies in the short term should be used as a selling opportunity and a shorting opportunity - especially in the small-cap frauds such as GUMM, REFR, MCHM, ERTH, etc. In the event investors start chewing their fingernails over liquidity, these issues will crater so fast it will be nearly impossible to get in at a decent price. I would also say that the risk in shorting net stocks - particularly putrid issues such as CUST, IDTC, BAMM, etc. has diminished significantly. P.S. For those of you looking at bearish sentiment as a contrarian indicator...you are making a terrible mistake. This type of market climate is very hazardous, and we haven't even begun to see any signs of capitulation.