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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Justa Werkenstiff who wrote (14393)6/12/2000 7:07:00 PM
From: sea_biscuit  Read Replies (2) of 15132
 
Justa, all of my "old economy" investments are still intact. I have taken care to drastically pare down my tech stocks and mutual funds. I didn't act on Brinker's signal. Instead, I gradually sold into the rise during February and March, as well as during April and May. As a result, I am now sitting on a decent pile of cash. I'm still not at 60% cash though.

I think the coming months will see tremendous declines in all those overvalued tech stocks that everybody is in love with right now. The fall-out may or may not affect even the undervalued old economy stocks. I'm not sure about that. But I'm fairly sure that they will recover from any onslaught. That is why I stay invested. I am still of the opinion that it is almost impossible to time the markets but Brinker has been astonishing me all this year.

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