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

To: Bill Wexler who wrote (413)	3/14/1998 12:05:00 PM
From: Jim Roof	Respond to of 4634

<<By the way, I'm still waiting for the "bullish uptrend" you babbled about when Biotime was trading at 18. Last I checked, the stock was at 12. Obviously there are many investors out there who don't understand "the facts" about this fine fraud.>> I guess Abbott does not understand the facts either. At their conference they spoke of Hextend as being a product which will expand their market base in medical fluids. You might want to warn them too. As for the uptrend - you are misquoting or mis-remembering what I said. My comments were made when BTIM was trading around 15 after it had traded at 18. And my comments took into full consideration (and still do) that the overall trend for BTIM (I am speaking over the course of 2 years here - not 4 months) has not been broken. I do not like the fact that it is now in the 12's to retest the support there (for the 3rd time) but it has yet to break the support that exists long term in the 10-11 range. Perhaps your trading style is more short term than mine and as a short trader that makes good sense. Stocks spend about 2/3 of their time going up and then about 1/3 of the time coming back down (to the same levels as where they started). And oh... I think you may actually be a conservative - no, make that a Libertarian. Hank is the liberal. As for me, I am not rich. Just comfortable. And conservative. Jim