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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (39167)	6/12/2000 2:47:00 PM
From: American Spirit	Respond to of 42523

Want to bet against wireless industry go ahead. But not me. Bought in GTE lately large stake as it merges with BEL to become Verizon, US's largest wireless company. It's up today in a down market. Have to be careful of valuations which is why I chose this low PE stock. Also sometimes over-egotistical short gurus are contrarian indicators. Try to go to the trough one too many times and hit stocks after the bottom's already been established. I see it all the time. Johnny-come-lately bashers follow and annoy everyone but usually get hurt. Read two weeks ago Barrons on the wireless industry and you'll see the real picture. CFRA (short group close to greenberg) issued slow-down warning on EMC six nmonths back. Now the stock's trading 50% higher. Watch out for big mouth short gurus. They are like snapping turtles. They don't let go until their heads are cut off. ggg