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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (8071)8/25/1999 4:39:00 PM
From: Justa Werkenstiff  Read Replies (2) of 15132
 
** What I did Today **

I am selling into this rally. ETEC, for example, is going to post earnings after the bell. I am in a profit protecting mode here and since my bottom fish into this puppy paid over 50% in four months time, I decided to take the money and run. ASYT was upgraded and I sold one third of my position into the upgrade. CYMI got excited and so I decided to sell some at $33. Sold some Tandy as well. I am looking forward to tomorrow to sell some more.

I am not buying this bond move. I think the probabilities favor that the Fed. will be back in the market soon enough. I am not saying they will raise rates. Who knows what these guys are going to do. They don't even know because they need the data. But I do believe at some point within the next few months the probabilities favor that the labor market and/or inflation will become an issue to the market again and that the market will be in a will-he-or-won't-he mode and will correct accordingly.
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