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


To: Bill Wexler who wrote (6233)1/20/2000 6:12:00 PM
From: LiPolymer  Read Replies (1) | Respond to of 10293
 
Thank you, Bill, but only to the extent your were really giving a rare, genuine compliment. ;-)

SNRS sure did not pan out in the short term as hoped. As soon as they announced financing right before the ODP I smelled trouble. With all the stock/options in play I was still able to exit with a small profit. 20-20 says a bail on the first trade after ODP was in order, and a short position is obviously the one paying off right now.

However, I do not agree with your (and A@Hole's) contention the stock is a fraud. A short position does color (taint?) one's perspective, eh? IMO it is much more difficult to stay objective in a short position as compared to being long.

SNRS will be under pressure for the next few weeks or so, and I will be looking for another entrance into the stock. Probably right about the time you're looking for the door...

It appears the company is on track with workable production and marketing plans, and they have the financing they need to take them to the point of generating revenues. Let's check back in 6 months, and IMO we'll at least be looking at a $20 stock.

Regards,
Gary

P.S. Good call on DIS and COMS.



To: Bill Wexler who wrote (6233)1/20/2000 6:34:00 PM
From: FruJu  Read Replies (1) | Respond to of 10293
 
Bill

Do you follow XRX at all? They've been in the dumpster the past year, but I doubt they're going away anytime soon.

Any comment on whether this is a good defensive stock to hold during (possible) upcoming downdrafts?

Fru.