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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: mister topes who wrote (6524)7/2/1999 10:15:00 PM
From: Investor2  Respond to of 15132
 
RE: "Imagine selling out your portfolio because of a false post
by a prankster only to find out that Brinker continues to recommend a fully invested position. In that case, the prankster gets his jollies, while the investor gets what he deserves. The internet is a pranksters delight."

That's an excellent point. I believe that it can be also be applied to stock investing in general. One should never buy or sell a stock solely because some stranger on the internet says it's the thing to do.

Best wishes,

I2



To: mister topes who wrote (6524)7/2/1999 10:26:00 PM
From: Greg Jung  Read Replies (1) | Respond to of 15132
 
Most timer clubs I've heard of have 24-hour message hotlines and daily updates, etc. in addition to the (usually untimely) snail-mail letter. I thought BB was mostly followed for his general insight offered, it strikes me as peculiar that the folks here are anticipating an imminent timing call on the bear side, most of these I'm sure are delivered in a rather vague fashion - surely he doesn't propound flipping a portfolio of stock positions on his call? Maybe if you're talking specific sectots such as semi-equips or other two-legged stools that investors should rightly be raedy to put on a hair trigger. Consider most of these companies are consistently losing money except for a few string of boom earnings that dissappeared
into thin air from overcapacity. Lets see 8 quarters bust, 2 quarters boom, 4 more busts but take a few months where things aren't getting too much worse and wham, the stock prices are at new all-time highs. Playing with these hot potatoes it is correct to be vigilant and ready to sell. As for a general market bear call, we might get some inflation worries to knock some air out of good companies/expensive stocks - probably hitting the market mid September, as is customary - but meanwhile there's a lot of corpse stocks getting new life, and I think these will continue to get pumped up some more.

Greg



To: mister topes who wrote (6524)7/3/1999 11:38:00 AM
From: David Bogdanoff  Respond to of 15132
 
To all;

The discussion on a possible Brinker bear call seems unreal to me insofar as their is an expectation of an hair-trigger type of call. I've listened to him for at least 10 years and I don't think he's done a hair-trigger bear market call, not even in the '87 market "correction". Even his much more common buy signals were over a period of days or weeks, albeit in the last sharp correction in which listeners were warned not to be out of the market "even for one day".
BB is much more deliberate and methodical in his calls; he has four factors in his model and for weeks he would not reevaluate his bullish stance until news highs had been reached, which is only now apparently the case. So we may now hear about a reevaluation of the model on his radio program; but this will not necessarily lead to a bear market call, and if it does it surely is not a hair-trigger call. And suggestions that his advice is so widely followed as to trigger a bear market call are truly from outer space. Fact is, BB is a minor player in this business despite his many accurate calls.

David



To: mister topes who wrote (6524)7/4/1999 11:39:00 AM
From: Lars  Respond to of 15132
 
Don,

>>>
Imagine selling out your portfolio because of a false post
by a prankster only to find out that Brinker continues to
recommend a fully invested position.
In that case, the prankster gets his jollies, while the investor
gets what he deserves. The internet is a pranksters delight.
>>>
Excellent point. What a painful lesson that would be.