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Non-Tech : The Critical Investing Workshop
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To: Voltaire who wrote (27107)7/29/2000 10:11:46 PM
From: djia101362  Read Replies (1) of 35685
 
I heard Bad News Bob too this morning. Just last week BNB was bragging about his recent QQQ recommendation that was up 25% in a little over a month.

Now he is saying to put stop at 84 where is profits on the trade will be less than 10%. Some market timer huh, anybody with a hint of bearishness in their blood last week must be even more bearish this week.

Why didn't he say sell last weekend when the Naz was 400pts higher?

BNB says the 25 most profitable companies in the Naz 100 are trading at a P/E of 106 and that this P/E "must contract significantly". He says there is "unlimited downside risk" in the Naz and I even heard him utter Naz 1700 but I don't recall in what context.
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