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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Lars who wrote (9048)10/2/1999 9:38:00 AM
From: Allan Harris  Read Replies (3) of 15132
 
BRK is a raging buy

Partialy agree. I would substitute "The Market" for "BRK."

1. Timing Model still on BUY.
2. Normal Bull Market 10% correction.
3. TA universally oversold.
4. Bearish sentiment rampant.
5. Entering seasonal STRONG period, October-May.

Therefore, the probabilities now favor the upside. It is that simple, although mass psychology suggests few will agree. Downside risk? Another 10% down suggests something else is happening and my analysis is wrong.

Why mess with BRK? A DOG for the past 18 months. Which stocks have held up best during this 10% correction? Technology, Internet, Communications. You think Gillette will suddenly outperform Inktomi? Coke will leave Broadcom in the dust? It is possible to admire the man and his accomplishments over the past 30 years without buying his stock.

Then again, I'm only in it (the market), for the money.

A
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