The Justa & Lars Honors Bob Brinker Investment Club Message Board

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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (12223)	3/5/2000 9:32:00 PM
From: Justa Werkenstiff	Read Replies (1) of 15132

Marc: Re: " Everybody complaining about the sell signal seems to be singing the same song, namely my hot tech stock took off after I sold. I have stocks that have doubled, tripled and quadrupled since the sell...." Good grief, what is wrong with this picture folks? Pinch yourself. Really, what could possibly fundamentally change in any company's prospects to cause such a run in such a short period? For most companies, the answer is "NOTHING." So let's be frank here. This a a greater fool type of environment and if you want to play then go ahead and take the risk at the NAZ Casino. But this is as close to on-line gambling that one will ever see in the market. And for those who say that they are long term investors in the hot tech land, you better look at who is sitting at the blackjack table next to you. If you run with the speculators, you are one whether you care to admit it or not. Re: "I would not make any final judgements until we see if the S&P falls 20% and then see what happens in the NASDAQ. I suspect it will be extremely ugly." In order for the S & P 500 to get a 20% plus correction, the Naz must correct first IMO.

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