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

To: Bill Wexler who wrote (4003)	9/26/1999 9:40:00 PM
From: Mike M	Read Replies (1) \| Respond to of 10293

Congrats on the y2k play...I don't know how much genius was involved but those calls were certainly right on. You may not be unique in having made the call, but you did stick your neck out a couple years ago. More recently the "genius" is frayed, maybe you're in a slump. Certainly the market correction hasn't helped, but there is plenty of room for disagreement on whether ALTR and/or AAPL are GUV or not. For now, you caught them pretty close to the top and they are in the midst of a fairly steep correction. Adding to the AAPL position early in the decline was a very questionable move as well. Your short on GUMM, on the other hand, certainly hasn't worked out well thus far, nor do I believe it will. The stock has acquitted itself quite well considering the general correction ongoing. This is particularly interesting since little news has impacted the stock recently. Of course, any time we stick our neck out we subject ourselves to second guessing. That is the nature of the beast. But if we are going to take the credit for those excellent calls 2 years ago, now would be a good time to own up to less than stellar calls. My prediction, admittedly with hindsight on AAPL and ALTR, is that the only way to have made money for the next three to six months on these three stocks would have been to have taken a contrary position to yours at the time you made them.