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

To: Jim Roof who wrote (420)	3/14/1998 1:39:00 PM
From: Hank	Read Replies (2) \| Respond to of 4634

<<How does my advice to short ZONA at 30 differ from Bill's advice to short it now>> That's easy. Bill first recommended shorting ZONA at 31. After checking the situation myself, I concluded that he was correct and managed to get short at 29 (it had already started to fade). Within a day after I did this, ZONA dropped 9 pts. I subsequently covered at 15. Thanks to Bill's astute and timely information, I made $28,000 off of my first ZONA trade. Bill has earned the right to give advice. You have not. <<I have said time and time again that I do not know the inner workings of ZONA's business..>> That's pretty obvious. As for myself, I spent 10 years working in the pharmaceutical industry and am still employed by a major pharmaceutical company as a consultant. Since I make about twice as much trading as I do working as a consultant, I primarily regard myself as a trader. I have contacts in nearly every major pharmaceutical company as well as many smaller biotechs. I do understand ZONA's business. As Bill has said, they are a good short at any price over $5 because the floor can fall out from under the stock price at any time. As for the technical status of ZONA, I will repeat once again that I do not agree with your assessment. If the price collapses next week, then who will feel foolish for being short now? Nobody. Of course, you will probably continue to exclaim you did the right thing by taking no position at all because the "charts" told you not to. Hank