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

To: Daniel Miller who wrote (4452)	2/15/1999 1:22:00 PM
From: Mark L.	Read Replies (1) \| Respond to of 4634

Like many people I tried my hand at shorting big Internet stocks on valuation a year or two ago. I got burned like everyone else and got religion. Someday it will work, but I may not be a part of it when it does. However, beginning about two months ago, I've been shorting Internet silliness. This has turned out to be very profitable. My current portfolio is VINF, GLCCF, SPYG, CTRN, IMAL, and, if you want to be generous with the term "Internet", ACLY. My feeling is that this is like the golden period of Y2K stocks: we could get into an academic argument about why my Internet silliness is better than your Internet silliness, but in the end it may not make much difference. I remember agonizing over whether ZITL was better than IAIC and what the relative weighting of the two should have been: I would have been better off spending the time reading Shakespeare or skiing with my kids.