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


To: panteon who wrote (9077)2/14/2003 3:37:56 PM
From: Bill Wexler  Read Replies (1) | Respond to of 10293
 
I'm in the process of covering the REFR stock fraud.

There is no doubt this one is going to zero...eventually - but this company has been running the same scam for 38 years (17 years as a publicly-traded concern).

I think they will need to resort to floorless-convertible financing soon, and the stock will finally be obliterated.

However, I want to concentrate more on building long positions while the market is in the toilet, and to book profits after sitting on some shorts for years and I can comfortably unwind positions without fighting a rising market...so I'm covering shorts across the board.

I don't want to risk another pump/squeeze and perhaps miss better opportunities elsewhere.