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


To: marc ultra who wrote (8356)9/3/1999 6:38:00 PM
From: Justa Werkenstiff  Read Replies (2) | Respond to of 15132
 
Marc: Re: "Looks like all the key markers for today, hourly earning, payrolls and CIBCR are OK allowing for the fuse built up with recent negative sentiment as Justa has spoken about to be lit. The only negative was dip in unemployment rate though expected."

Welcome to economic number roulette. You hit it right and you win!
Hey, this is better than the lottery.

Re: "It will be interesting to see if Bob's model moves away from a possible danger zone today or if this might be another move to test the highs in an ongoing top formation with a potential sell signal possible in October if not in Sept."

The higher we go, the better the chance for a sell signal IMO. Looks like the NASDAQ may be joining the new high club thanks to the SOX in part which surged over 5% to a new high.

Re: "Glad I refrained from pre-maturely shorting QQQ's and besides some small biotechs my main stocks are AAPL, TER and NVLS all joining the party."

I smell a nice short opportunity developing for you, Marc. FWIW, I am out of INTC, AMAT, TER, NVLS and KLAC at the close today. There may be marginal upside left in these stocks short term, but Justa is going to the bank.



To: marc ultra who wrote (8356)9/3/1999 9:57:00 PM
From: Lars  Respond to of 15132
 
Marc,

>>>
I guess I'll wait for the newsletter and see where we stand before doing anything with my Ultrabear hedge of a big chunk of my fund holdings.
>>>
Smart move. IMHO, we may get a chance to lock in the UltraBear position in the Dow 11,700 range. Today was very interesting.

There is no fear. No fear.

Right now, I have lots of sun screen. I am waiting on the beach to see who is swimming naked when the tide rolls out. This is going to be fun.