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

To: Stephen How who wrote (253)	3/6/1998 10:20:00 AM
From: Jim Roof	Respond to of 4634

<<I know you're not some BTIM shill. I don't believe there are such things. People are paranoid. I can't figure out why you're saying things I know you don't really believe in. It's like listening to Elanor Clift on "The MacLaughlin Group" :).>> Thanks for your civil and thoughtful response (it feels good to be able to type those words here for a change). I actually do believe that Hextend is a superior product to Hespan. I believe the phase III trials showed statistically significant improvements in 2 areas (clotting and cardiac function). What I have spent most of my time doing here though is revealing the shallowness of Wexler's unsupported baloney. I do not believe that he has power to move the market in any way but my argumentation with him is more on the lines of principle than it is to try to repair what, if any at all, damage he has done. I also know that my cheerleading will have no real impact on the stock also. Again, it's just a problem I have with liars and I think the best way to deal with a liar is to be as specific as possible about the truth in an objective fashion. As for my attachment to BTIM. I am not emotionally attached to it. I have good gains (though I had great gains for a few weeks - on paper) in this stock. I remain bullish. The trading of the last four months does not scare me into thinking that BTIM is headed down for good. I think solid support exists in the 10-12 range and we may have already tested that and are now ready to move up. BTW, you will not find me making outright calls as Wexler does (ex., it WILL trade below $1.00). I am intelligent enough to know that no matter what the form of analysis you are doing such calls cannot be made. <<That is unless the company is indeed a fraud>> (Bill, you can cut and paste this for your next response to me - I even included the little <<>>'s for you). I think the response from Nihon and Abbott preclude such a scenario. It was Mr. Wexler who clued me into this thread by linking to it from the chart page. If he had done that I never would have found this - at least not this fast. Stephen, I think you did well to make money on the short side of BTIM and I will not argue for a minute that what you did was in any way offensive. You may even remember my support of Jono when he shorted shares in the mid 20's to hedge WisdomTree's significant gains. He did the right thing. I chose to stay the course and let this play out. Watch carefully what may come out of the Crossen conference on 3/15. The phaseIII data was poorly explained by BTIM and he could clear the waters and open the door for more investors who have the jitters on the data. Good luck, Jim PS. I am somewhere to the right of Pat Buchanan politically.