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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Steve Hallam who wrote (4462)4/5/1998 7:38:00 PM
From: Steve Hallam  Read Replies (5) of 42834
 
Did anyone else think the call from "Jerry" was really Rillinious (or is it villinious). In any case I think the guys comments did sting Bob a little. Took Bob a little while to make his points -- I thought he got off track a little. Here are the most salient points as I see it. First, Bob has said a million times UTEK is a 1999 story. Therefore, any discussions of share price at this point are a waste of time. Second, Bob always advises a limit of 4% in any individual stock. Third, I thought Bob might have conceded one point. Bob is does not make a claim of infallibility. Maybe UTEK will never be a homerun. To early to say at this point but it is possible (a 4% liimit implicitly concedes this point). Also the guy is right that Bob has not pinpointed the exact optimal buying price for UTEK. Which, of course, would be an absurd expectation. It's ongoing buy. He never has even tried to make predictions on UTEK minute-to-minute or day-to-day performance, that I know of. Long term he likes the stock. He has a fantastic record of calling the overall market, mutual funds and individual stocks. But a sure thing and the exact bottom price? The guy must be a stand up comedian!

Bob seemed less excited about the market this weekend. He noted two indicators which are starting to look shaky. Valuations are at an all time record high (24 times trailing earnings for the S&P). Investor sentiment is close to turning (almost 70% bullish). Is a sideways market close by?

Thanks to Truman, Sandy and Pete for their help with info on latest on Radios -- to better hear Bob Brinker of course.
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