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To: Rick Bullotta who wrote (28808)2/24/1999 3:57:00 PM
From: Bill Wexler  Respond to of 31646
 
I actually shorted YHOO a long time ago when it was "only" a 1 billion company. Fortunately, I changed my mind when the stock started relentlessly moving upwards and I went very bullish on YHOO and AOL. (See some of the early banter between me an William Harmond on the YHOO thread...also check my comments about the dangers of shorting AOL on Roger Babb's thread about a year ago) I also made the mistake of shorting ATHM at around 30. I covered that position at 35 for a loss, but I wasn't bullish on it (I still don't like the stock...despite the fact it has continued to climb steadily).

On Jan. 12 I made comments on my thread that it would probably be a good idea to sell calls on all the net stocks...both as a synthetic short and to protect existing long positions.



To: Rick Bullotta who wrote (28808)2/24/1999 7:51:00 PM
From: Robert T. Quasius  Read Replies (1) | Respond to of 31646
 
Rick,

Bill's game is the opposite of the Internet hype. Bill bashes stocks that he has shorted. The truth is, people are much more willing to believe the negative about a stock than positives. There is more money to be made by hypesters like Bill by shorting stocks.

As for me, I don't hype at all. I just buy good companies that are undervalued, and hold for the long term.

Bob Quasius