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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 (10162)12/1/1999 6:04:00 AM
From: Justa Werkenstiff  Read Replies (2) | Respond to of 15132
 
Marc: Yes, that astute investor makes good sense. Assuming FMKT is a flyer and if one does elect to chase it, one should be aware of the high risk one is taking in such a pursuit. I will not chase it. There is the chance that it will come down to earth after an initial run as has been the history of some Goldman IPOs of late.

But placing a buy limit order at more than twice the offering price is an act of temporary insanity that is indicative of the market we are in today.



To: marc ultra who wrote (10162)12/1/1999 12:55:00 PM
From: marc ultra  Respond to of 15132
 
sentiment

bulls 53.0
bears 28.7

bulls/(bulls+bears)=64.87 up slightly from 64.16 last week

yesterday's P/C 10 day moving average an extremely exuberant 0.46. As the Nasdaq rally is weakening would be concerned if we finish on the down side. I recall Bob noting that if the leadership of the Nasdaq begins to fade that could be a problem

Marc