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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: Justa Werkenstiff who wrote (13970)	5/29/2000 9:59:00 AM
From: Gersh Avery	Read Replies (7) of 15132

Hi Justa .. I mostly lurk here. But I thought I'd throw out a thought. While the market was trending up, the best idea out there was to buy every dip that could be bought. With the market trending down the inverse would be true. While on the bull run, it didn't matter much if the market was mistimed. So what .. it dipped even further than I thought it would .. it'll come back. Anybody that would short the market was a fool. To do that properly involved very high risk stuff. The odds were against you. Your timing had to be perfect. This is now a bear run. Take everything that you thought about bears during the bull run and turn it upside down. There could well be profit to make on the bull side in a market uptick .. but the odds are against you. Unless, that is, you can time it perfectly. This upcoming rally could be over by Friday. What then? If you short QQQ puts, you could be in a world of hurt real fast. I look at this market as a series of "sell the spike" opportunities. By conditioning you folks see it as a buy the dip situation.

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