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

To: Gary Walker who wrote (1190)	6/25/1998 12:29:00 AM
From: Bill Wexler	Read Replies (1) \| Respond to of 4634

I disagree. There are plenty of great short ideas out there, and shorting is an excellent way to hedge a portfolio of long positions...particulalry in this nosebleed market. I think that many short sellers (including myself) were lured to the legitimate internet high-flyers such as YHOO, AMZN and ATHM and took severe beatings. The lesson here is not to short only based on valuation in this market - particularly the ultra-hot sectors. However, shorting the scam stocks like ZITL and CCSI has been enormously profitable.