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

To: BelowTheCrowd who wrote (5205)	12/3/1999 5:31:00 AM
From: Bill Wexler	Respond to of 10293

The VLNC stock fraud. My initial short recommendation was between 7 and 8 a share. I shorted frequently until the stock hit 4 and change and bounced where I recommended covering a least a portion of existing short positions. I recommended reshorting when the stock traded above 7 1/2 at any price over that limit. We'll see how the stock trades over the next few months. At this point, I find it hard to believe that management has suddenly found an ethics handbook...so I'm going to snoop around a little and see what I can dig up about these "P.O."'s If the stock gets pumped further, it may be wise to place stops in the low teens (it can always be reshorted later). Unfortunately, VLNC is not as clearcut as GUMM. In GUMM's case there is zero doubt that the stock promotion fraud revolves around a pseudoscientific fraud (i.e. homeopathic "cold cure"). VLNC has now introduced a new element of risk. Eventually we'll find out if it is real or not.