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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 (2896)9/19/1998 10:37:00 PM
From: Bradpalm1  Respond to of 4634
 
Bill,

These scam companies need someone to blame for their pathetic performance and so why not publicly blame the evil "short-sellers". In fact, you provide these companies a tremendous service by absorbing their deceived shareholder's wrath and loathing. Perhaps you should consider charging these scam companies for your services.

Think of the subtle implications......

Bradpalm1



To: Bill Wexler who wrote (2896)9/21/1998 8:18:00 PM
From: Bill Wexler  Read Replies (6) | Respond to of 4634
 
Current Wexler portfolio:

I've been doing a little tuning up over the past week and today. I have finished covering all my Y2K shorts. I have also covered a lot of other positions where I felt a bottom had been reached (such as AMD and QNTM).

My active short portfolio:

DTLN
GBUR
HEPH
ZONA

My active long portfolio:

COST (!!!!)
AXP

By active, I mean that I continue to short the dogs on runups and buy the longs when the price gets attractive (example, COST dipped below 52 this morning and I picked some more up). I also continue to hold my INTC and will consider buying more FTR.

My bias is now very bullish. I am now committing far more resources to building my new long positions than adding to the shorts. My long term outlook for the Y2K scams, the biotech frauds and other assorted crap has not changed...but I feel that the risk of squeezes has now increased dramatically.