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

To: Bill Wexler who wrote (4200)	10/6/1999 12:44:00 PM
From: TRIIBoy	Read Replies (1) \| Respond to of 10293

Identix to be on CNBC in the 1:00 hour. Use the ridiculous strength to short the comapny into the interview. As that is the reason it really did not fall much after preannouncement. After the interview expect the stock to be in free-fall.

To: Bill Wexler who wrote (4200)	10/6/1999 4:48:00 PM
From: Bill Wexler	Read Replies (3) \| Respond to of 10293

AOL will scream higher tomorrow.

To: Bill Wexler who wrote (4200)	12/5/1999 5:25:00 AM
From: Bill Wexler	Read Replies (5) \| Respond to of 10293

Wexler ponders the market (yet again). We got our big rally out of the summer and some great rides (AOL, COST, NVLS, CLIC, COVD, etc.) Too bad I was too chicken to hop aboard the super-hot IPO deals like SYCMR (I just can't bring myself to break investment discipline...but over the past few months it would have produced even more astounding returns). So here we are in a market which seems completely unstoppable. CNBC commentators are laughing and cheering, James Cramer is jumping with glee and calling anyone stuck on the sidelines a "loser", ads for deep-discount brokerages are everywhere, value investing is now completely dismissed as old-school, short-selling funds are going out of business, and gosh-darn it EVERYONE LOVES THE STOCK MARKET! This can mean only one thing. Gotta start thinking about taking a good chunk of money off the table and hedging the positions we want to hold for much longer (such as COST). We want to start moving money out of mutual funds (especially the ones with high exposure to science and tech) and shift it to money markets. We also have to start thinking about expanding short positions outside of the obvious small-cap frauds such as GUMM, REFR, etc. I don't know if the market will go higher or crash over the short term - no one can predict these things with any certainty - but in somewhat chaotic, high-optimism markets I feel more comfortable selling a stock for twice what it's really worth while I have the opportunity and liquidity now...even if I miss another ramp up. Over the next few weeks and months I will be employing the strategies outlined above in my own portfolio and I will be concentrating on a few more shorts. Another note: it is still far too dangerous to short net stocks. There still isn't enough supply and the interest rate outlook remains a bit cloudy - making for way too much volatility. Unfortunately, I don't see any slam-dunk shorting themes such as Y2K stocks in early 1997(https://www.siliconinvestor.com/subject.aspx?subjectid=15277). We are going to have to look at various industries and pick and choose very carefully.