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


To: Paul A who wrote (6211)1/19/2000 11:59:00 PM
From: Bill Wexler  Read Replies (2) | Respond to of 10293
 
I love the way everyone ignores IFMX...but slowly and surely it continues to crawl back. My long-term target for this stock was the high 20s, but imagine what will happen if the current bubble in technology remains stable (or continues growing) and it starts to get a little more visibility among net stock investors.

Consider also that if tech stocks take a very deep dive (as I *think* they will in the near future), the margin of safety for IFMX remains very good. It still trades at a dirt-cheap multiple, and its litigation problems are now firmly in the past.



To: Paul A who wrote (6211)1/20/2000 1:11:00 AM
From: Bill Wexler  Read Replies (1) | Respond to of 10293
 
I still don't see the point of shorting net stocks because - even though interest rates are high and people are getting edgier about valuation - volatility and small floats remain a problem.

I am sticking to shorting the small-cap frauds, particularly REFR, GUMM and VLNC.