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


To: Mr. BSL who wrote (13972)5/27/2000 8:09:00 PM
From: Justa Werkenstiff  Read Replies (3) | Respond to of 15132
 
Dick: Re: " I heard second hand that he has a buy in on the QQQ's in the 75 to 78 range for a bear market rally."

Actually, the buy would be from the mid seventies or below. Rally return will exceed 20%.

Re: " I also heard that last week's closing low was a
prerequisite. (a failed retest is good? )."

Yes, a slightly lower low on lower volume with better market internals is a positive sign.

Re: " FWIW, I'll be waiting for a follow through day before picking up dimes in front of this bulldozer! We are certainly due for a rally."

Bulldozer has done the damage. Buy on weakness and increase the profit potential IMO.