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

To: Bill Wexler who wrote (2992)	8/12/1999 7:55:00 AM
From: DanZ	Respond to of 10293

<The GUMM fraud fans were telling me that I didn't do any "due diligence" on that stock either...but gosh darn it, I just keep making more money as it sinks.> Put a chart of the Nasdaq on top of a chart of GUMM over the past few months and you will see a distinct similarity in patterns. From July 16 to yesterday's close, the Nasdaq declined from 2864 to 2564 (10.5%). Over the same period, GUMM declined from ~13 to 11 3/4, a decline of 9.6%. Given that many stocks declined 25% or more during the recent correction, GUMM has shown good relative strength versus the market. Besides, you are only up about $1 on your short GUMM position. The way the stock trades, your profit could be wiped out in a matter of minutes. The Nasdaq tested support this week and is bouncing from a very oversold condition. I think it has bottomed for now and is presenting a good trading opportunity from the long side. Not all stocks follow the general market trend, but the majority do. It's easy to get cocky when you are holding short positions during a 10% correction in the Nasdaq. Let's see how you do if the market rallies. GUMM is holding support and oversold as well. It's a buy based on the chart and it's also a buy based on forward fundamentals. <Must be my dumb luck.> It could be dumb luck or it could be that most shorts do well when the Nasdaq declines 10%. BTW, I'm still waiting for an answer to this post: beta.siliconinvestor.com You made the statement. It seems like you can explain it.

To: Bill Wexler who wrote (2992)	8/12/1999 8:13:00 AM
From: Victor Lazlo	Respond to of 10293

IRID stock getting pounded big time right now on CNBC. ".. should be at a nickel" - Mark Haines