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Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Hank who wrote (6039)	12/30/1998 10:38:00 PM
From: Dauntless	Read Replies (2) \| Respond to of 7041

Hank - here's a review of your friend Bill's prowess I posted this just before Thanksgiving - let's review it again ==================================================================== I have not responded to Mr. Wexler's posts for a very long time because they never change - even when the facts do - he lives in his own world. However, in the spirit of the holiday - and because I finally have some time - I thought some members of the thread would like to examine certain aspects of Mr. Wexler's performance. On Feb 18, 1998 Mr. Wexler started his own thread - "Bill Wexler's Prophets of Doom". Here is a link to take you there so you can read his opening message. He identified six "can't miss" LONG TERM shorts and even created his own "index" to measure over all performance. There is absolutely no indication of any of these stocks being temporarily overvalued on a run-up. According to Mr. Wexler, these shares were hopelessly overvalued & had no where to go but down. Here is a portion of his thread's starting post (my emphasis): <<I consider all of these "long term" shorts, i.e. I don't trade them in or out, but I will add to positions on runups. Discussion on this thread should be limited to the stocks in the model portfolio. The model portfolio performance will be guaged by the DOOM INDEX (tm). The DOOM INDEX is the average of the sum total of $1000 worth of each stock on 2/18/97. For the sake of simplicity, I'm throwing out the fractional portions of each stock price and kicking off the DOOM INDEX at a nice round 1000 ($6000/6). The object will be to get the index as close to 0 as possible.>> ============================================================ Here are his six picks with starting prices, predicted long term price and yesterday's closing price. SYM 2/18 PRED. 12/30 ATHM 29 <5 71.50 BTIM 17 <1 16.94 TCOMA 30 <15 55.00 TRBO 10 <2 8.813 ZITL 12 <1 3.75 ZONA 21 <2 19.44 Mr. Wexler's starting index = 1,000 Index value at 12/30 close = 1,236 Had you invested $1,000 in each of Mr. Wexler's DOOMED stocks, you would have an 24% gain in 10 months. And this is a portfolio of companies so flawed, so misdirected, so fraudulent that there was NO CHANCE for success. I have no interest in any dialog with Mr. Wexler beyond this factual review. I have avoided any personal opinions or attacks. I would like to refer back, however, to one prophetic sentence from Mr. Wexler's own words pasted above... <<The object will be to get the index as close to 0 as possible.>> BIG QUESTION!!!!! How does an individual investor "get" a stock price index to zero?? Thanks for paying attention - ===================================================================== Hank, If you want to soar with the eagles in the morning, you shouldn't wallow with the pigs at night. Happy New Year!!!!