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

To: drakes353 who wrote (3092)	9/27/1998 11:04:00 AM
From: Dr. Seuss	Read Replies (1) \| Respond to of 4634

To all, Can anyone explain why PRBZ announced they were issuing 2+ Million shares at 27 and the stock shot up 4 1/2 points on Friday? I should have covered sooner, but is this a good time to short more? Why the runup and any help understanding what is going on would be greatly appreciated. Thanks in advance. Dr. Seuss

To: drakes353 who wrote (3092)	9/27/1998 5:28:00 PM
From: Peter V	Read Replies (2) \| Respond to of 4634

Drakes, does the continuing failure of Japan's economy figure into your US market bottom equation? The largest bankruptcy since WWII just announced (US$ 16 Billion). dailynews.yahoo.com I brought up the BK of another Japanese company here a few weeks back, a steel company that also suffered losses in the BILLIONS. Just wondering if you think it will have a ripple effect (especially to the money center banks), or will be confined to Japan (or Russia, Venezuela, Brazil, etc.). I don't see how the US can remain insulated from these problems forever. But I'm interested in your theory. TIA.

To: drakes353 who wrote (3092)	9/27/1998 9:14:00 PM
From: Mama Bear	Read Replies (2) \| Respond to of 4634

drakes353, you could be right. I may just be suffering from the average investor's sell the bottom buy the top syndrome. But it is my analysis that the market is not bottomed, and that the chickens are still coming home. I believe we're entering into a period of asset deflation, and most folks are so tuned into inflation that they don't realize what a deflationary environment could do to asset values. Perhaps I am wrong, but I have been paring my long exposure since the S&P first hit 1000. I have been buying 10 year treasuries since the long bond was at 6 1/4%. My trading account and my short positions have excelled this year. It really would take an explosive rally to cause me to underperform the S&P this year by sitting in cash at this time. I have decided that I would regret staying in the market more if it crashed and took 20% of my capital than if I stay in cash and the market rises 20% from here. I admit that I am still something of a market rookie, but we all have to decide our own risk tolerance based on what each thinks will happen. Barb