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


To: Investor2 who wrote (10122)11/29/1999 1:26:00 PM
From: Kirk ©  Read Replies (1) | Respond to of 15132
 
Is this the sign of a top?

I remember when brinker.com gave the boot to Tony for telling people how great a penny stock was...

Now they are talking up investments in pre IPO companies.

Jim Jorgensen, who was ALL mutual funds, has had his son on His National show the past month or so talking about future IPO's even before Brinker started this on his show. Jim added CMGI to his recommended list in June and CTRX in May and has done well so now is also an "expert".

When I see radio-men who made their fame and fortune advising the multitudes to buy and hold low cost, no load mutual funds for all the 1990's start advising in buying high growth, high risk stocks, I start to worry when both start touting IPO stocks to their audience within months of each other. Sort of like the old addage... "when the taxi cab drivers and barbers tell you what hot stocks to buy it is time to worry". Where else do they get their news but on talk radio?

This has me far more concerned than "the Phases" discussion.



To: Investor2 who wrote (10122)11/29/1999 3:45:00 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 15132
 
I2: Re: "During the past few weeks, his radio show, the bobbrinker.com web site, and this thread have contained significant favorable discussions of internet companies."

Yes, and I have noted many have purchased these shares in the past few weeks into the strength. I am merely doing my due diligence at this time and I refuse to buy anything at these prices in this overbought market. But I will be ready if and when there is a correction.

I should also add that Brinker's enthusiasm seems pretty much contained to B2B internet companies. I have talked to people in the B2B business this past week and they share Brinker's enthusiasm. But I agree that there has been heightened interest in these stocks along with the incredible price appreciation. This is human nature at work: buy high and hope to sell higher. Not a game I am interested in this market.