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

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To: Dogbert who wrote (7682)9/5/1998 11:52:00 PM
From: Raven  Read Replies (1) of 42834
 
When you were a child did you ever play telephone? Everyone sits in a circle and someone whispers a phrase into the next person's ear.
It goes around the room and when the last person announces what the message was, it always bears little resemblance to the original
message. Reading these messages reminds me of that.

I also thought Bob sounded very down hearted. I wonder if the
amount of things in which he is wrong is now overwhelming him?
If you can possibly get a hold of a Barron's read P.36 (read the whole paper if you have time). It details the absurd valuations
even now, in the Nifty tech stocks. "In semi equipment you have Applied Materials defying gravity....(semi's)are nearly as high as they were in '95, at the equipment market's peak.... (It's) trading
at about EIGHT TIMES annualized sales.

Bob appears to have bought at approx. 32 and it popped higher, leading him to crow about his buy that weekend. But once it started down he
he added, you should just buy a little at a time. Someone a while back asked if he still was holding STII. Yes. Well it is down to
8+ from 26. Utek? You know about that.

So if Bob sounded down, he has plenty of reason. I just hope it
is just the market and nothing more serious.
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