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

To: Doug Fir who wrote (3113)	9/29/1998 6:09:00 AM
From: Bill Wexler	Read Replies (4) \| Respond to of 4634

TO THE THREAD: What I find truly unbelievable is that when I recommend shorting some scam company with no sales, massive losses and a stock price in the stratosphere, I get bombarded with dozens of emotional posts by a plethora of shills and cheerleaders claiming that I'm wrong and the stock will double or triple in a matter of weeks....then when I scream about buying Costco - a fast-growing company with billions in sales, great profit growth, and the stock trading at a 20 - 30% discount - the most I can muster is a few posts in mild agreement or skeptical comments about how we are certainly heading into a recession and the stock is going down for the count (check out the Costco thread). Sometimes I wonder if there is some genetic trait that compels people to chase failure relentlessly and eschew glaringly obvious success. I can understand why an investor may get scared away from a stock like DELL because he's concerned it's "too expensive", but then this same guy will pay 5 a share for crud like TAVA thinking that it's "cheap"!!! Just what on Earth is going through someone's mind when they gamble good money on a company like CCSI, TAVA, ZITL, etc. etc. ? I believe Barb Payne mentioned checking for shill activity as some sort of contrarian indicator. Perhaps we should start a new thread which not only checks for shill activity on scam stocks, but also for excessive gloom surrounding otherwise good companies. I suggest we come up with a rating system for posts...let's say 0 to 10, where: 10 = Warren Buffetesque wisdom and insight 0 = a TokyoMex style wrong-way loser. If we note a thread where we reach a high-score consensus then we bet with the posters, and we bet against the consensus low-scorers.