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

To: Wally Mastroly who wrote (10608)	12/21/1999 7:27:00 PM
From: Justa Werkenstiff	Read Replies (3) \| Respond to of 15132

Wally: Well, either the NAZ investors are sniffing glue or there is a new valuation parameter that just rode into town. Maybe it is a combination of both. First they bought the Naz because of increasing earnings growth; then they bought the Naz because of increasing revenues regardless of earnings; now they are buying the Naz because it is going up. This is the biggest momentum move I have ever seen. Look at those sweet money center banks. Yum Yum. Bank of America BAC and Chase Manhattan CMB. Looks like Bank One is in play. Then look at those drugs. Schering Plough at $40 and change; Bristol Myers Squibb at $60 and change; Merck at $66 and change; Pfizer at $32 and change. I am playing the techs. by letting my profits run in that sector and by buying the slow growth stocks that mo-mo is trashing.