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


To: heavenly who wrote (14050)5/30/2000 4:05:00 PM
From: Boca_PETE  Respond to of 15132
 
STEVE L: Why not buy URPIX at the top? At this rate (+7% per day), we should be there by Friday.

P



To: heavenly who wrote (14050)5/30/2000 4:23:00 PM
From: marc ultra  Read Replies (3) | Respond to of 15132
 
Steve re<<<<Now that the up, up, and away seems to have begun and tomorrow is a historically seasonally strong day what have you done or what will you do? Will you watch for weakness before you jump in the QQQ or have you already done that?>>>?

I had QQQ orders in for 75 3/4. Since the low this morning was 79, I decided not to chase. If I have to I'll watch the QQQ rally from the sidelines. Brinker said to buy into weakness though that's a lot easier when you've already bought near the pre-rally lows.

Last week when it looked like a test was approaching at least I dumped my short hedges and added a bunch of NVLS to play the probable rally. While waiting for Bob to give the word before piling heavily into the NAZDAQ may be costly, I'll come out OK, but not spectacular.

I'll probably wait to see 76 soon before piling in. If it was a great long term buying opportunity and not a bear market trade maybe I wouldn't be so cautious on the price

Marc