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: KM who wrote (14081)	5/31/2000 9:32:00 AM
From: Justa Werkenstiff	Read Replies (3) of 15132

Brinker caused the rally in the QQQs? Sorry, Jimbo, but volume on the QQQs yesterday was average and not light. Besides, Brinker said to buy on weakness and not strength -- specifically in the mid 70s. So if Brinkerheads bought, they bought at the open most likely. They were not chasing it at the end of the day. CNBC never cited Brinker yesterday as a reason for the rally. Oh, the media said the rally was due to reduced fears over interest rates or the Feddie talk on the slowing economy or Danny Niles pimping stocks. You are looking under rocks when it is staring you in the face. The sellers have gone by and large ... that is the essence of the Brinker call. An 8% move by any measure is huge. Any buying is going to push the market up and if you are sitting on cash but want to play you might end up pushing the Naz up too. Oh it won't go straight up. But the bias is up for now.

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