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


To: DanZ who wrote (6228)1/20/2000 5:39:00 PM
From: Bill Wexler  Read Replies (5) | Respond to of 10293
 
As soon as GUMM demonstrates that its claims are true and I see actual earnings on the bottom line, I will be happy to cover my short position and admit publicly that I was wrong.

So far, there is zero published scientific evidence that Zicam helps shorten the duration of common colds and GUMM has not produced any positive earnings.

Stock touts for scientific frauds tend to believe that a rising stock price validates their claims. Zonagen (ZONA) touts believed the same thing while I was shorting their stock over a 2 year period from 15 a share to 40. The stock currently trades at 6 (where it remains grossly overvalued).

The only thing that a rising stock price proves is that there's a great deal of stock speculation by scientific illiterates. Without earnings, the price is doomed to collapse, and the vast majority of the speculators will lose money.

March 18, 1998

Message 3754891

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