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

To: DanZ who wrote (3621)	9/16/1999 3:07:00 PM
From: Mad2	Respond to of 10293

Dan; I have no position in HITK or GUMM It's relevant to compare valuations of companies that make or provide similar products, just as it's relevant to compare or elements of a business. In my view the valuation is key as it form the floor of support for a given stock once the hype, hoopala and expectations get set asside. Companies trade in a wide range both above and below what the market would consider a fair valuation. GUMM is far above the valuation or price someone would pay absent the hype and hoopala.....so if the expectations don't turn to reality....well there is very little to support it. You ignore this and continue to present arguements (not factual information, rather theories on what could become if a series of favorable conditions occcur) purporting GUMM will continue to go higher (and presumably stay there). Very risky and as much a long shot.

To: DanZ who wrote (3621)	9/16/1999 6:24:00 PM
From: Druss	Read Replies (2) \| Respond to of 10293

Dan--I don't feel cult is a good description at all of this thread. I check this thread because Bill often comes up with good shorts. For instance I like ZICA and after doing my DD will short it. I don't like GUMM short. My assessment is that the stock has minimal downside on the short to medium term because the longs are holding to see the results of various events that may impact the stock price in their favor. These events have been discussed here. I personally don't see much risk that the NEJM article will be accepted at this point, but people are holding and hoping for it. The other events may or may not occur. Regardless, I do not like long term shorts, Bill does. If and when I short it will be because the current business plan has essentially failed, I can get just as much out of a short and in much less time by riding it down if the stock breaks. Shorts are anything but mindless cult followers. The market averages a 10% gain a year. We have to swim against that current. I don't know a single short who doesn't research his plays extensively. All the Best Druss