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


To: DanZ who wrote (7419)8/15/2000 1:55:30 PM
From: Hank  Read Replies (2) | Respond to of 10293
 
The loss was right in line with my estimates too. I predicted that GUMM would have NO CHANCE of turning a profit this year and was even willing to bet 1 million dollars on it. So far, they are proving I was right. YTD loss exceeds last years and will widen. Next year will be worse and they'll use the same lame excuse that the cost of "advertising" is to blame, just like they have this year. Funny though. I have still never seen an advertisement of any kind for Ziscam.

Do you know why most pro mutual funds didn't turn 178% last year? Because they would get fired if they risked the funds money making short term trades on dog sh*t stocks like GUMM in anticipation of the grande finale of the Tulip Festival. Furthermore, they CAN'T make those kind of trades. They take positions that are too large to get in and out quick. So quit slapping yourself on the back Danny Boy. Profits are only real when they are converted to cold hard cash and you jokers don't HAVE any. It's all tied up in soon to be even more worthless stock like GUMM.

You think I don't know what will happen next year? Well, unlike yourself, I can actually see what's happening around me. Next year is real simple and can be summed up in one word- RECESSION. The averages will close LOWER on 12/31/01 than they will on 12/31/00. Let's see if I am correct.

I'll leave you with a riddle-

What do you call a company that consistently loses more money than they make?