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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (13976)5/28/2000 6:47:00 AM
From: Justa Werkenstiff  Read Replies (1) of 15132
 
Marc: Re: "The real tough question is if we will reach 74-75 again in the QQQ before it takes off and how to make the tough decision of getting a great price without risking following the rally on the sideline"

Boy, I wish I knew the answer to this one. I already loaded up on QQQs Wednesday morning.

I think you should remember that Bob has set his buy point by his decision to purchase in line with what he saw in the market. He liked the purchase from Naz 3040 to Naz 3174. So anytime the market is in that area, one should be making their respective purchases in the QQQs. Also, the minimum expectation for this trade is 20%. So, one may make the argument that purchases made a bit higher will also produce a nice return regardless. My own opinion would be that anything under $80 is a reasonable entry point.
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