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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (1183)	5/26/1999 1:57:00 PM
From: BelowTheCrowd	Respond to of 10293

Bill, Agreed. Cramer just stated that he thinks we are closer to a bottom than to a top, and I generally agree with him. However I would point out that 51% of the way down is "closer". We may still have a ways to go. Right now I'm 60% cash, judiciously adding to shorts. Holding off on everything else. My guess is we're choppy through June, and things won't stabilize until there is a clearer Fed direction. At this point I'd almost be leaning towards a relief rally regardless of which direction they go, and a more sustained one if they leave rates as they are. mg

To: Bill Wexler who wrote (1183)	5/26/1999 5:43:00 PM
From: Ploni	Read Replies (1) \| Respond to of 10293

My timing continues to need some work. I shorted VISX a while ago around 50 (before the split), and watched painfully as it went to 70 (before the split). It crashed a couple of times, but never quite got back to 50. I finally covered a couple of days ago at 54, for a modest loss. If I had just held until today... the stock traded down to 44, closing at 50. BancBoston Robertson Stephens continues to hype this stock every time it falls. All they have to do is put out a press release "reiterating" their buy rating, and it pops. Sickening.