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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 (3128)	9/29/1998 10:18:00 PM
From: Hank	Read Replies (2) \| Respond to of 4634

US equities are still undervalued compared to what? Future earnings expectations? Perhaps in a bull market but the bull is dead and we ARE heading for a recession no matter what you think. Why does everybody think that just because the averages fell 20% the market is now undervalued? The market has tripled in the last five years and there's still plenty of room to fall. Even with another 10% down, somebody who went long five years ago and held would still be ahead. You seem to give the word "undervalued" a short term definition when you claim that it is impossible to gauge short term momentum. Here's an "impossible" short term prediction for you- COST will hit 40 by the end of October, 1998. I also notice that First Call gives COST a future growth rate of 18% while it still trades at a P/E over 20. It is not a "bargain" yet in my book but it soon will be.

To: Bill Wexler who wrote (3128)	9/29/1998 10:44:00 PM
From: Yamakita	Read Replies (1) \| Respond to of 4634

Bill, check out what Dale Wettlaufer of the Fools had to say about Costco and Charlie Munger: "To wit, California lawyer and businessman Charlie Munger, Vice-Chairman of Berkshire Hathaway, effuses with praise for Costco. Telling Forbes that he broke his rules about sitting on outside boards of directors, Munger said, "It's hard to think of people who've done more in my lifetime to change the world of retailing for good, for added human happiness for the customer." "Including Sam Walton," the magazine asked. "Munger nods." In an article in Discount Store News earlier this year, Costco Chief Financial Officer Richard Galanti summed it up pretty neatly: "If we can't save customers money, we're not going to sell an item." Read the whole thing if you haven't, it's excellent: fnews.yahoo.com I didn't realize that Munger felt that way. I am definitely a buyer starting tomorrow.

To: Bill Wexler who wrote (3128)	9/29/1998 10:45:00 PM
From: mesaone	Read Replies (2) \| Respond to of 4634

bill, i just have to say.. yes, you are always right. what an ego! clearly . no esteem problems here. Your parents did a marvelous job. so.. since you are always right.. would you mind terribly (oh please.. say yes) if i come back at some future date and remind you that you were wrong?? (just once.. we are all wrong at one time or another) just asking. not berating. not hyping. not cheerleading.. a simple question. I am not even going to mention our debate here. :-)

To: Bill Wexler who wrote (3128)	9/29/1998 10:58:00 PM
From: Rex Dwyer	Read Replies (1) \| Respond to of 4634

Bill, Regarding COST: What is the present discounted value of the future stream of cash that can be extracted from this business in the next 10 to 15 years? (i.e. Intrinsic Value?) Keep shilling away! (I actually agree with you) Rex

To: Bill Wexler who wrote (3128)	10/1/1998 10:12:00 PM
From: C.K. Houston	Read Replies (3) \| Respond to of 4634

I WANT TO THANK YOU WEXLER ... because of you, I took the time to learn and understand how this whole "shorting" process works. I'm usually out of the market last half of the year. But this year, for the first time, decided to "short". I didn't get involved with shorting small caps though, like you and your cronies. I didn't go around to various threads shouting "fraud". I'd been researching global economy, and started to short banks and brokerage firms back in August ... around the same time you were going long ... LOL. THANK YOU!!! I've been making LOTS of money:-) Am in the process of an out-of-state move. Will be off line for some time. I'm not even sure, when I'm finally settled, that I'll post on SI again. I got disgusted by a lot of what I've seen. Got tired of all of your B.S. thru the months. Realize now that you were, and are, just a small-time, but LOUD player. You always implied that I was a paid shill on TAVA. I never was. I rarely traded. I had NO contact with management or IR. I just did a lot of research, and shared with others on the thread. I realize in retrospect I was a pawn. Very disheartening. Especially when you would "stalk" and denegrate me. I did fine with TAVA. Have over a 200% return locked-in, over past 1-1/2 years. Still holding several thousand shares I bought at 3-3/4. If I was truely a "shill" ... I would have sold my position when I was up 600%. I feel bad about GOOD people (little guys) who've lost money. That was tough enough for them, but then you had to gloat, distort and rub their noses in it. You have no class, empathy or sense of integrity. I don't feel badly for YOU at all. Actually, I've enjoyed your recent untimely "long" calls. Have gotten perverse pleasure from what you're going thru. Sure are on a losing streak with those "long" calls of yours. Keep it up:-) GLAD I'M GONNA BE OUTTA HERE FOR A WHILE. I used to enjoy SI. Lost interest when I saw how you & your cronies "played" the shorting game. Totally disgusted me. Cheryl ============================================================= ROFLMAO: What goes around, comes around. Wexler, you should have stuck to shorting ... instead of reversing your position and going long! REMEMBER THIS POST: SEPT 21: <My bias has turned very bullish, and I am spending more time buying stock (mostly COST and AXP now) and even though I still have a core short portfolio...> BILL WEXLER Message 5806593 Ooh Ooh - you got in on AXP around 82/83 and it's at 73 1/2. You got in on COST around 53 and it's now 44 1/2. GEE ... tough luck. Tsk Tsk ... such big losses in only 2 weeks. What a shame. Gonna take a while to recover and buck market trend. Lucky you're in these issues LONG-TERM. SEPT 17: <I've been following Costco for the past 3 years and I recently took advantage of the market downturn to purchase much more stock ... I shop at the Costcos in Novato, CA and San Francisco. Both have been very succesful. In fact, while everyone was worrying about the stock market collapsing and the world financial system coming to an end, I stopped by the Novato store to pick up some supplies. I can assure everyone here that the warehouse was not going out of business!> BILL WEXLER OCT 1: <COST is a bargain at 55...and it's even a better bargain at 45. In the long run it won't make much difference.> BILL WEXLER Message 5780716 <Bill: I suppose you are one of those people who walk into car dealerships and pay whatever the sticker says for the car you want? Face it Bill, you are pissed because you are now down almost 15% on your COST purchase.> HANK exchange2000.com Gotta kick out of one of your other responses ... tough being on the other side of the fence, huh? <But Bill <sniff>, we're going into a recession <sob>, the financial markets are collapsing <whine> how can you possibly recommend buying Costco when its sure to go to zero!?! --- In the face of analysts predicting retailer doom, Bill Wexler looks into his crystal ball and makes the following bold prediction: The new Chicago Costco warehouses will average $100,000,000 in sales apiece.> BILL WEXLER Message 5882291 _________________________________________________________________ Oh, I forgot your BRIEF "long" excursion into CCI: < I sold the CCI Oct. 100 puts this morning with the rationale that since I want to buy the stock anyway, I can protect myself a bit and if the stock continues lower and I'll get put at 100 a share...I still like the money center banks, but now I think i'm just going to step back and let things settle out before I plunge in. When the market started falling apart again, I bought them back for a loss. Jeez, things are gruesome.> BILL WEXLER If you did a little research beforehand, you would have known what this guy said was true, and NEVER wouldn't have considered going long on CCI last month. <My Friend Bill: Made my first fortune by buying CCI at 10 & sold 5 years later at 100. I know CCI well. - CCI is the biggest player in Brazil. - Brazil is crashing, it is the next domino, that is falling. - The question for CCI shareholders now, is how large will CCI's loss in Brazil be. How many hundreds of millions??? MICHAEL Message 5673306 ________________________________________________________________ No need to respond Wexler. I've seen your {{{ Yawn }}} responses often enough. Cheryl