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


To: DanZ who wrote (6571)2/8/2000 1:53:00 AM
From: Bill Wexler  Read Replies (2) | Respond to of 10293
 
The GUMM stock fraud

<<what about all those 10%, 20%, and 50% increases that he shorted between 11 3/4 and 30?>>

I figure I'll be covering those between 5 and 8 a share.

<<Nobody went broke buying and holding GE, HD, DNA, WMT, IBM, and S, for example, when they were small companies and Wexler and his ancestors were calling them frauds.>>

GE and IBM were never frauds, and I don't believe any of my ancestors ever called them frauds. GUMM on the other hand, is a stock fraud.

<<Where's the next shorting point? 40? 45? 60? 100?>>

In quieter market conditions, I probably would be doubling or tripling my short position now that there has been one big "break' in the stock (the collapse upon dissapointing sales of Zicam and the failure of the company to release any conclusive proof that its fraudulent medication works).
But this has been an odd market for speculative small caps, so I'm being a bit more conservative. I never would have imagined that the GUMM fraud could be pumped above the high teens...you can thank the small cap frenzy for the extra boost.