To: larry who wrote (7204 ) 4/17/1998 12:16:00 AM From: Mama Bear Read Replies (2) | Respond to
larry, I reported to you every formal sell rec that Asensio has made since May 1997. I have a search bot on AOL that delivers all of his press releases to my email. If you want to fantasize that there were some misses in there, go ahead. I understand he answered a buy/sell/hold question in the June issue of Business week with 3 companies and those weren't great short sells. Of course that's why I pointed out what happened with the similar CLCX situation. But every sell rec that he has issued a press release for since I've been following him is still on his web site. Lots of folks try to say that he deletes his bad calls, all I can say is that they were before May 1997, because I've been keeping track, and none have been deleted in since then. Of course the return is variable. I haven't shorted all of his picks. I wasn't able to get any ZONA, I skipped ISEE and ERGB (dammit). I shorted WDRY from 25 to 23 3/8 (1/2) and 20 7/8 (1/2) and then couldn't find shares, I did 2 shorts of KRY from 5 7/8 to 4 3/8 and from 5 3/8 to 4 9/16, bought some AVNT puts that tripled, shorted AVNT at 29 1/2, then again at 16 5/8 which I covered in the 13s, and recently from 19 to 18 7/8 (the 29 1/2 is still open). One of these days I guess I'll give back some of that Asensio money. I know Asensio's hedge fund returned triple digits last year, according to the NY Times.
