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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: marc ultra who wrote (13129)4/12/2000 10:59:00 PM
From: marc ultra  Read Replies (2) of 15132
 
I'll try again to cover my SPY short tomorrow at 142 3/4. Was getting closer today. Still would hold my large URPIX 2beta short fund. If you look we're down a lousy 2 points in the S&P since Bob's 12/31/99 benchmark. With a bear we would go down close to another 20% from here. So far we had people evacuating the non tech stocks and all starting to squeeze into NASDAQ stocks. We are now in the next step. Cleaning out the recent NASDAQ entrants and finally cleaning out those who moved to old economy as some safe haven. May take a long time but I still think we will accelerate to the down side in May or so

Marc
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