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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: NYBellBoy who wrote (1)	2/19/1998 5:50:00 PM
From: Bill Wexler	Read Replies (5) \| Respond to of 4634

We are off to a good start! Even though NASDAQ screamed upwards today, 4 out of 6 of the picks were down. ATHM was up 1/8 and ZONA was up 1/8. Oops forgot to do one thing - record the level of the indexes on 2/18/98: Dow: 8450 NASDAQ: 1715 S&P: 1031 Fun fact: Biotime executives originally intended to use Hextend to keep people in "deep freeze" for extended periods of time before reviving them.

To: NYBellBoy who wrote (1)	2/19/1998 8:19:00 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 4634

Calculation....or hallucination? One of the funniest things about the current speculative mania is the Kreskin-like ability of amateur investors/analysts to "discount" future revenues and predict the size of future markets for "concept" companies (i.e. no revenues, no earnings, unproven technology). I've noticed that over the past two years or so, these estimates have gotten bigger and more insane. Remember the "$1 billion a month" revenue predictions for Zitel? In the following post, an investor tries to calculate his way into justifying paying $3.5 Billion for a company with minuscule revenues, and tens of millions in losses.... Message 3474738