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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 (4328)	2/2/1999 1:49:00 PM
From: Bob Trocchi	Read Replies (1) \| Respond to of 4634

Bill… Looks like a good call on ABTE. On another topic, I noticed an Altair (ALTIF) announcement today and I have copied two paragraphs from the press release. Regarding the second paragraph, how long has it been that “Altair is in the final development stages of commercialization of its state-of-the-art technology, the Altir Centrifugal Jig.” Seems like I have been reading about this for a very long time. I am short, slightly ahead, but this one seems to keep hovering in a very narrow band. I can wait but it sure seems like a long time. Seems like they are know looking for a buyer. Do you still see them as a short? Thanks in advance Bob T. >>Altair International Inc. (Nasdaq: ALTIF - news) today announced that it has retained Prudential Securities Incorporated to assist in exploring financing and strategic alternatives which will enable the Company to realize the full value of its mineral deposits in Tennessee. << >>Altair International is in the final development stages of commercializing its state-of-the-art technology, the Altair Centrifugal Jig, which recovers extremely fine, heavy particulate matter using a combination of a mechanical jig and centrifugal force<< biz.yahoo.com

To: Bill Wexler who wrote (4328)	2/2/1999 6:57:00 PM
From: Bill Wexler	Read Replies (2) \| Respond to of 4634

ABTE up against the ropes. biz.yahoo.com I am astounded that this stock is still trading over $.50 a share. ABTE may now be the greatest "no brainer" short since Zitel at 40. The extra added kicker is that ABTE is now under tight deadline (preferred redemptions) which will temper any monkey business with the common. Remember that whenever you deal with crooks, there is always a danger of stock fraud and manipulation - so there is still a possibility of a short squeeze; however, there is absolutely no doubt that the stock will collapse entirely far below its current price of 10. So short it prudently, but by all means...DO short it!!