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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 342.05+0.3%Jan 15 4:00 PM EST

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To: Investor2 who wrote (3275)12/22/2006 9:40:35 PM
From: Kirk ©  Read Replies (2) of 10065
 
I've never understood how someone gets "extra credit" for being fully invested then saying buy on the dips.

Isn't it enough to be right about being fully invested? It seems a parlor trick to say "I advise you to be fully invested, but if the market drops more than a few percent, I'll issue a new number so you can give me extra credit for saying to buy there also."

Now if he had taken profits above 1300 and used some of those profits to buy back under 1250, as I and many others did, then I'd say it was a great call. But you need to sell first... such as he did in January 2000 so he could buy QQQQ in October 2000 with up to half the cash then put the rest into the market in March 2003 on a second chance at the October 2002 lows.

You ought to see this guy Ground Zero trade futures in real time. He seems to stay long or short for about two weeks on average.

Post 173 - Dec 17, 2006: Short at 1438.40 in the March.
investment.suite101.com

He's been nothing short of amazing and you can see he goes long and short in real time. We used to track him just to make sure he was legit and I'm amazed because I'm not much a believer in market timing.

That is someone who can claim credit for buying dips since he sold the peaks.

Happy Holidays
Kirk out
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