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

To: KurtSS who wrote (9057)	10/3/1999 11:32:00 AM
From: Boca_PETE	Respond to of 15132

Kurt SS: My recollection was Bob said (in response to a caller question attempting to pin him down) to expect the new highs by year-end 1999 was to expect too much. I did not hear him give a time frame, so it seemed to me he was implying some unspecified time next year. P

To: KurtSS who wrote (9057)	10/3/1999 12:48:00 PM
From: lifeisgood	Read Replies (1) \| Respond to of 15132

As I recall, Bob said the time didn't matter (perhaps at attempt to avoid being more specific). However, he clearly was bullish on the Nasdaq and QQQ and, in my view, continues (from last week) to manifest positive sentiment regarding tech stocks. I believe this, coupled with his statement that he will this week examine his indicators to look at the possibility of a buying opportunity, marks a major shift in his stance looking forward. I happen to disagree and think we have significantly (i.e., 10% plus) further downside from here. In re: the Nasdaq and QQQ we may see much more than that IMO. best... LIG

To: KurtSS who wrote (9057)	10/3/1999 3:55:00 PM
From: Justa Werkenstiff	Respond to of 15132

KurtSS: Brinker said he expects the DOW and the S & P to get into the vicinity of the old highs year end or early next year. It was not totally clear whether he meant the same time frame for the QQQ as that was the second part of the caller's question and Brinker gave no time frame. But one may assume he meant the time frame. He did say he thought the QQQ would post new highs. Note the distinction between what was said about the NASFAQ and the DOW and S & P 500. At no time did Brinker make a case that we were at the bottom here nor did he recommend outright purchase at these levels. He did note so far that this was a standard correction. Y2K could make it worse. New purchase levels to be considered this week. Implicit in his thinking IMO is that he sees no bear market between now and the end of this year. FWIW, I believe there is a reasonable chance there will be sell on the news in the NASDAQ this month even if all goes perfect for the market. Fat cats want to lock in profits this year so Mr. Bonus will be at the doorstep during the holiday season. No question there could be rallies here in the month. If the S & P 500 is 25% tech. stocks and we get sell on the news and/or some bad earnings or guidance we are going down IMO in the NASDAQ and, as a result, the S & P 500. Moreover, if we get a bad spin of the economic wheel I believe the NASDAQ and S & P 500 are vulnerable irrespective of earnings. In any event, I have seen no convincing bottom here in the market in the technical sense. I also believe this is a trader's market until the Fed. is gone and they are not going anytime soon. So if we go to new highs or close and we are still in a bull market and the Fed. is still hanging around, we may well find ourselves back here again.