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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 (2919)	9/21/1998 8:38:00 PM
From: Bill Wexler	Read Replies (2) \| Respond to of 4634

Ooops made an error...add ALTIF to the active short portfolio!!

To: Bill Wexler who wrote (2919)	9/21/1998 9:29:00 PM
From: Jay8088	Read Replies (1) \| Respond to of 4634

How can you be so bullish with all the international turmoil and more importantly negative earnings outlook for S&P 500 for next two quarters??

To: Bill Wexler who wrote (2919)	9/21/1998 11:40:00 PM
From: tcarnes	Read Replies (1) \| Respond to of 4634

dear bill kera is on my short list at 5 1/2 - 6 if i see that in the am. major dog if i have ever seen one. currently not a marginal short on datech need a 1/16 to short. will be looking check out the sec its worth a look not only a convertable but no money and a very questionable product. if you have time let me know what you think. thanks tj.

To: Bill Wexler who wrote (2919)	9/22/1998 8:27:00 AM
From: valueminded	Respond to of 4634

Bill: I find it interesting that you are now biased long. It would seem to me that based on fundamentals, most US stocks (other than mid and small) are grossly overpriced. I have read in prior posts that you don't believe in technical analysis (a position I agree with) but I have trouble rationalizing how you would bias long in this market, other than for "technical reasons". It would appear that the only rationale for turning long is that you feel the past 8 weeks were just a correction in a superbull market. Would appreciate an explanation of your rationale. thanks

To: Bill Wexler who wrote (2919)	9/24/1998 4:49:00 PM
From: Czechsinthemail	Read Replies (1) \| Respond to of 4634

I have some questions about your GBUR short position. I looked over the companies financials and on the negative side, the company has been losing money pretty heavily over the past two quarters. But reading management's explanation, it seems primarily related to significantly increased advertising and marketing expenses, partly related to new product introductions, plus startup costs on a new manufacturing facility. Since management predicts lower advertising costs in 2H98 and presumably the company will be realizing production rather than startup costs on its new facility, it would seem there is a chance that margins will be improving this quarter and next. Meanwhile, sales have been increasing significantly. I'm not sure they can maintain high sales growth while cutting back on their advertising budget. But if they do, it would seem to be a situation where you run the risk of higher sales with improved margin providing a big improvement over recent quarterly results. One other factor is that insiders have been buying stock. I have neither a short nor a long position in the stock, but would like to see some discussion of the rationale for shorting it and the possibility of their turning the losses around. Baird

To: Bill Wexler who wrote (2919)	9/24/1998 6:01:00 PM
From: Bill Wexler	Read Replies (4) \| Respond to of 4634

Reiterate a very(!) strong buy recommendation for Costco (NASDAQ:COST) Today the stock was hammered over 3 and change. Naturally, I used it as a buying opportunity. This morning DLJ downgraded some retailers (COST was not mentioned however). That...along with continuing fear and uncertainty in the market sent many of the retailers into the toilet. I believe investors should take the contrarian stance and use this opportunity to load up on great growth stories like Costco and Home Depot. I still maintain that the market in general is headed significantly higher.