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


To: Bill Wexler who wrote (5748)12/27/1999 9:18:00 PM
From: allen menglin chen  Read Replies (1) | Respond to of 10293
 
Bill, Another great chance to pick up some PALM (aka COMS) tomorrow low 40s? I have no position yet. Time to build one? Are you still very bullish here? Many thanks again. Allen



To: Bill Wexler who wrote (5748)12/27/1999 9:36:00 PM
From: panteon  Read Replies (1) | Respond to of 10293
 
Bill, do you have any spys around ZIXI headquarters!?



To: Bill Wexler who wrote (5748)12/29/1999 3:47:00 PM
From: Bill Wexler  Read Replies (2) | Respond to of 10293
 
Quadrupling position in FTR at 3 1/8...SPECULATIVE...Insurance companies are in the deep crapper. I have been trading FTR for years and made a lot of money in the stock. I had a small position at 10+ which subsequently tanked below 3. I have now gone 4x on my original position for an average price of roughly 5.

THERE IS A REAL CHANCE THIS STOCK MAY GO TO ZERO - CAUTION!!

However, I like management and - like the banks - I think insurance is due for a rebound. Consider this a very speculative turnaround situation. note - the dividend has been suspended.

The kicker here is the losses generated by reserve additions are higher than they should be. Management is ultra conservative and I believe that the loss reserves are way overdone.