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

To: Hank who wrote (8693)	2/7/2003 4:28:11 PM
From: Bill Wexler	Respond to of 10293

I could spin all sorts of possible scenarios. However, I simply do what's worked for me in the past...and what's worked is to begin buying into fear and when traders look for ANY reason to dump stock. Like I said, I could be early....but if the end of the word doesn't come, then it won't make much difference if I bought these stocks at 5 a share or 2 a share, because they will be much, much higher. (Come to think of it, it also won't make a difference if the end of the world DOES come!! :D )

To: Hank who wrote (8693)	2/7/2003 4:50:48 PM
From: Mike M	Read Replies (1) \| Respond to of 10293

And I hate to agree with you Hankie but I think you're right. We either hold right around here or there is a lot more ugliness out there. Wexler's point, however, is well taken as it regards to short positions. If the market turns around here it could be explosive up when the shells fly and the good guys win. Too short could be hazardous to one's financial health. That said there are too many imponderables to become aggressive on the long side. I figure, however, it is safe to assume that you remain long your PFE. I have no plans to sell mine.