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

To: Kevin Podsiadlik who wrote (2118)	8/25/1998 8:14:00 PM
From: Bill Wexler	Respond to of 4634

I'll look at it, but I'm not so certain it would be a great short at this time. The company seems to be a a big hit amongst momentum investors, I'm also sure that many European investors are big fans. Fundamentally, it is very overpriced....but I can't see anything else at first pass which would make me want to short it.

To: Kevin Podsiadlik who wrote (2118)	8/25/1998 8:41:00 PM
From: Phil(bullrider)	Respond to of 4634

Kevin, Just a couple of comments on LHSPF. I went long LHSPF at $46 a while back. It went to around $90 and split. It proceeded to around $60, and started back down. When it got to around $49, I sold my original shares to get my investment back, and let the rest ride. The only reason I am telling you this is to point out that LHSPF could go to zero and I would not lose any money on this issue, and since I don't believe it will, I won't sell. Have fun, Phil

To: Kevin Podsiadlik who wrote (2118)	10/29/1998 10:24:00 AM
From: Kevin Podsiadlik	Respond to of 4634

cbs.marketwatch.com Sigh. Never did get around to shorting it. One of these days I will have the courage of my own convictions... Message 5587688

To: Kevin Podsiadlik who wrote (2118)	10/29/1998 11:48:00 PM
From: Phil(bullrider)	Respond to of 4634

Kevin, Your message was posted on 8/25. LHSPF closed @$42 3/4 that day. The high since then was $47 5/8 during the trading day on 9/23. Today the trading range was between $40 1/8 and $38 7/8 and closed @ $39 1/2. If you had shorted on 8/25 you would have tied up $4275. worth of capital for every hundred shares you would have shorted for a return of $350. per hundred shares, for a profit of 8%, less commissions. Not a bad profit for two months, but the timing would have had to be perfect. On the other hand shorting the financials, especially FP, would have been a lot more profitable. My point? I believe the people that would consider shorting LHSPF can find a lot more, or better targets to pick. But what do I know? The shares I own are free, since I sold my original shares after the split and subsequent rise to regain my initial investment. Have fun, Phil