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

To: Bill Wexler who wrote (9640)	5/1/2003 6:32:42 AM
From: fut_trade	Respond to of 10293

"Companies that engaged in these activities tended to see their stock prices suffer considerably afterwards--on average, such companies experienced a 42% underperformance against the market in the 3 years following their challenging instance. One hypothesis that accounts for this behavior is that short sellers are largely correct in their assessment about a company's prospects, at least in cases where management challenges the short sellers vigorously.1" srv3.polls.scd.yahoo.com 1 Lamont, Owen, "Go Down Fighting: Short Sellers vs. Firms." Working Paper, University of Chicago Graduate School of Business, January 2003. Lamont recounts an incident where a short seller was shouted down at a shareholder meeting by management resorting to a "prolonged and very loud coughing fit." Another incident involved reported death threats against short sellers (p. 17). gsb-www.uchicago.edu

To: Bill Wexler who wrote (9640)	5/2/2003 1:25:19 PM
From: Bill Wexler	Read Replies (3) \| Respond to of 10293

I see no reason to sell any ET, PVN, SEBL, EMC here. In fact, I'm buying more. Still hanging on to the majority of my AMAT and considering buying back the little chunk I took off. Buying more CNXT - which I think bottomed and is acting well. The REFR stock fraud: REFR's current promotion (ambulance windows and other nonsense) did not goose the stock as much as I expected, but I'm sticking to my opinion that it's probably not worth it to reshort it here and a waste of time to play with when there are much better opportunities out there.