The Justa & Lars Honors Bob Brinker Investment Club Message Board

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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: MrGreenJeans who wrote (2309)	11/30/1998 4:23:00 PM
From: Justa Werkenstiff	Read Replies (3) of 15132

MrGJ: Re: "Let us assume for a moment the Dow runs to 10,000 sometime in January." Okay, but keep in mind despite all the bullish crap we have been hearing the past two weeks Brinker has stated that there would be no DOW 10,000 in 1998. Re: "Does anyone think Bob will be making a sell call, presumably because the market has run too far too fast...." Not a chance. His analysis is suited for the long term investor. He will not market time the noise. The proper posture is to be bullish long term. He will, however, say that one should review asset allocation to equities if the market becomes overbought or overvalued. Translation to the trader -- exercise caution and take profits and put the guns in the holster. Re: "...or will anyone be selling stocks whether or not Bob makes a call because of the same reason?" Yes, been there and done that last week. Hedges to the downside now in the money. Took profits on some of those today. Note: When the market reaches lofty heights, this thread should not be afraid to focus on the bearish side of the equation. Using Bob's model is a good way to start looking at the bearish side.

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