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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 1:20:00 PM
From: Boca_PETE  Read Replies (3) of 15132
 
KM: I'd be surprised to find out that more than a small single digit percent of Brinker's 5 million listeners nationwide were able to take advantage of the short-term trade opportunity for QQQ revealed by Brinker last Saturday.

The QQQ opened over 2% higher and shot up quickly during he day. It just got away so fast that I've got to believe that only professional traders had the skill to avail themselves of the opportunity.

Moreover as a long time listener to Moneytalk, I get the feeling from the callers that many of his listeners are long-term investors, not traders.

I don't buy Cramer's reasoning. Like a lot of media talking heads, I think he's into "Post hoc ergo hocter proc" thinking (ie. After it, therefore, because of it). JMHO.

BTW, this person falls into the category of those who missed the train on this opportunity. Maybe I'll play it on the way down buy buying USPIX near the top.

P
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