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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (4950)5/4/1999 8:09:00 AM
From: MrGreenJeans  Read Replies (2) of 15132
 
Marc

You getting any more concerned about the market?

No more concerned than I have been in recent months.

Like most followers of Bob I am watching the market very carefully and will shift my allocations to a more defensive position in a New York minute if need be. I intend to leave the dance with the girl I came with. Bob convinced me to be heavily invested in this market during the 1980's and when / if Bob issues a sell signal I will exit and position myself to short the market.

At the moment I am expecting that Amat will surpass expectations when they report profits on May 18th and I expect the sector to rise in anticipation of this event in the next 10 days or so. If the sector rises I may be taking some semiconductor profits and moving more money into cash.

In this type of environment it may benefit us all to disengage from the market a bit early ahead of the crowd, I am hoping Bob is thinking along the same lines, because when / if this market turns ugly the ensuing events will not be pretty.

At some point it will be better to take your profits and leave a bit early than trying to earn the the last dime the market has to offer.
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