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Gold/Mining/Energy : Boots and Coots International Well Control Inc. (WEL) -- Ignore unavailable to you. Want to Upgrade?

To: Fredman who wrote (93)	3/24/2003 4:02:00 PM
From: who cares?	Read Replies (1) \| Respond to of 214

I hate MSFT and don't invest in it, and look to short it when it's prudent. I hate GM but am short F because they're in worse shape, will start GM at some point to though. I hate Pepsi but it's not a total POS company so I don't short it, I love Coke but it's not dirt cheap enough to buy. I would only buy a stock or damn near anything else that's not a necessity in life if it's CHEAP. I want a DEAL. No one puts a gun to a persons head and makes him buy a stock, much less one in a company he doesn't like, or that will only profit in a situation he doesn't like. It's called GREED, that's the only reason a person would ever be long WEL. My original attraction to WEL was it was a BK POS company being run up by the least intelligent momo "investors" I can find, and I love to fade their crap. It worked great. Then somewhere along the way it became one of those rare stocks that every gamblerholic hot potato bigger sucker investor in the world had to try their hand at. That's as easy a money as their is for shorting, assuming you survive the run, as one it caves in, it really caves in as we saw last week. Now it's more of a mopping up operation, and i'm very patient on that kind of crap. In fact I just finished covering my last one of these a few weeks ago, ADSX, I had that short long after most everyone else had covered it. I won't hold this one as long, as it's soo cheap it sucks up gobs of margin to hold, and there are better hold and wait plays than this but i'll be around here to cover well under 50 cents. As for comparing this to a 401k, I don't get your point. Yes it's wrong for companies to screw their employees on 401k's, but again, you don't have to buy those companies, and in fact you can prosper by shorting them. Underfunded pension and healthcare is one of my reasons for shorting F. If one has a conscious one does not have to violate it to invest in the market, one chooses to do so, usually driven by greed.

To: Fredman who wrote (93)	3/24/2003 4:04:39 PM
From: who cares?	Read Replies (1) \| Respond to of 214

Oh and as for my attraction to this thread, well I have Sir Auric bookmarked. I was frankly surprised to even see the thread here, but it shows how widespread the WEL phenomenon was. Usually pumper stocks like this have threads on YHOO and RB and not here, but like with ADSX there's a few faithful even here among the generally more intelligent SI posters. I thank you all for this thread and your responses to my post as it helped convince me there was still plenty of wool to shear off the sheeple long this one.