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


To: Justa Werkenstiff who wrote (13998)5/28/2000 4:43:00 PM
From: Justa Werkenstiff  Respond to of 15132
 
Here's a snippet from the Sunday Option Investor newsletter, regarding what to expect
(and hope for) in the coming week:

"Next week is typically a bullish week. According to the
Stock Traders Almanac the week of Memorial Day is a bullish
week and the best week in June. Also, June is a triple
witching month and the two weeks prior to expiration is
normally bullish. Thirdly, June in election years is normally
a good month. Add all of this to the -77% retracement of the
big gains from the last seven months and the prospects are
encouraging. Now that I have stated my case I am at the
mercy of the market, known as the great humiliator. So be it.
I looked at hundreds of charts this weekend and 95% of them
showed tentative bottoms and hopeful closing spikes on Friday.
Most gave back only 25% of their gains from Wednesday and
firmed as the day wore on. It is entirely possible this is
just another bear trap rally and we will retest 3000 again
next week. If we do I hope it is on Tuesday and I will be
waiting with cash in hand."



To: Justa Werkenstiff who wrote (13998)5/29/2000 8:01:00 AM
From: Boca_PETE  Respond to of 15132
 
Justa: Thanks for your thoughts - I greatly appreciate and value them.

P



To: Justa Werkenstiff who wrote (13998)5/29/2000 2:58:00 PM
From: jeff greene  Respond to of 15132
 
Justa --

New to the thread, however a long time listener of BB.

I am intrigued this time by BB's analysis, but have a question regarding his comments yesterday on the declining EURO .... its potential impact on US corporate earnings.

As was pointed out to me, most major corporations hedge their currencies to protect themselves. I assume BB is referring to the surprising quickness of the decline, before the hedges could be placed or the impact in excess of any hedging maneuvers.

Any further analysis to this point would be greatly appreciated. Great thread:))

jeff