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

To: N. Dixon who wrote (9528)	3/21/2003 1:40:49 AM
From: Bill Wexler	Read Replies (1) \| Respond to of 10293

Dixon gets a math lesson!!!! Dixon wails: <<You bought back shares in the 30s claiming that you shorted all the way up. Well how is that different then my buying at 38 and all the way down to the 4s?>> Let's start at 1998. Wexler does the following (prices rounded for the sake of simplicity): Short REFR at 5 Short REFR at 10 Short REFR at 15 Short REFR at 20 Short REFR (large!!) at 25 Short REFR at 30 Short REFR at 35 Short REFR at 40 (in fact...I damn near top-ticked it on the very day it hit its all-time high) Stock begins a sudden collapse... Covered small portion at 35 Covered small portion at 30 Covered small portion at 25 Covered small portion at 20 Covered small portion at 10 Covered remainder at < 7 Gross profit: $441,000 The difference, Dixshmuck, is that I CLOSED MY POSITION FOR A HEALTHY PROFIT WHILE YOU ARE SITTING ON SPECTACULAR LOSSES! Of course, why should I expect you to understand what would be obvious to a fifth-grader? Let me guess, the next thing you're going to say is that you haven't lost anything because you haven't sold. Uh-huh. Well..tell that to Enron investors who are still hanging on to their shares.