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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (11100)1/13/2000 2:24:00 PM
From: Kirk ©  Read Replies (1) of 15132
 
re >> ** Thoughts **

How does rotation sound?

Bob's portfolio #1 had a banner year and it is loaded with internet heavy funds. (Almost funny in light of his strong warnings of valuation for the first 10 months of 1999). I believe this sector will get shaken out as many of us bought $500 power tools from Amazon and only paid $400 to have them delivered to our doorstep thanks to the generosity of the stockholders. This is a broken business model and only the very rich with deep pockets will survive the eventual shakeout. Even Laszlo said he is waiting out this year except for AOL which has been hit.

A sector rotation of massive proportions, say internet stocks into semiconductor stocks (what I have bet on) may take the whole market sideways for a year as the dollars slosh from overvalued internet stocks to undervalued semiconductor stocks (LRCX is STILL only at a PEG of 1.0).

A mutual fund timer can not take advantage of this and it is uncertain if the fund managers of the hot internet stock funds will see this.... so perhaps getting a nice rate of return on cash is a good risk/reward way for Bob to go until he gets a 20% correction to come back in on?

This not an unreasonable way to play it with his massive audience.

what do you think?
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