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

To: KM who wrote (14081)	5/31/2000 8:31:00 AM
From: Allan Harris	Read Replies (1) \| Respond to of 15132

Re: Cramer, "I like to buy individual socks" Well then, there's the problem right there, they're never going to match if you do it that way, Jimbo. Very encouraging to read all the skepticism here and elsewhere about yesterday's rally. Almost universal consensus that it's a bear market rally an not the beginning of anything sustainable. Watch the first dip on bad news: if it's modest, shallow, easily recoverable, we may be in for some upside surprises this summer. One of my favorites, QCOM, was down 10% in the morning and closed up 15%. This is a bullish a trading pattern that often marks intermediate turning points. QCOM is the Supreme Commander (with apologies to John Lithgow) of all thing maniacal about technology investing. If it's going to run here, we are all going for a ride. A

To: KM who wrote (14081)	5/31/2000 9:32:00 AM
From: Justa Werkenstiff	Read Replies (3) \| Respond to of 15132

Brinker caused the rally in the QQQs? Sorry, Jimbo, but volume on the QQQs yesterday was average and not light. Besides, Brinker said to buy on weakness and not strength -- specifically in the mid 70s. So if Brinkerheads bought, they bought at the open most likely. They were not chasing it at the end of the day. CNBC never cited Brinker yesterday as a reason for the rally. Oh, the media said the rally was due to reduced fears over interest rates or the Feddie talk on the slowing economy or Danny Niles pimping stocks. You are looking under rocks when it is staring you in the face. The sellers have gone by and large ... that is the essence of the Brinker call. An 8% move by any measure is huge. Any buying is going to push the market up and if you are sitting on cash but want to play you might end up pushing the Naz up too. Oh it won't go straight up. But the bias is up for now.

To: KM who wrote (14081)	5/31/2000 1:20:00 PM
From: Boca_PETE	Read Replies (3) \| Respond to of 15132

KM: I'd be surprised to find out that more than a small single digit percent of Brinker's 5 million listeners nationwide were able to take advantage of the short-term trade opportunity for QQQ revealed by Brinker last Saturday. The QQQ opened over 2% higher and shot up quickly during he day. It just got away so fast that I've got to believe that only professional traders had the skill to avail themselves of the opportunity. Moreover as a long time listener to Moneytalk, I get the feeling from the callers that many of his listeners are long-term investors, not traders. I don't buy Cramer's reasoning. Like a lot of media talking heads, I think he's into "Post hoc ergo hocter proc" thinking (ie. After it, therefore, because of it). JMHO. BTW, this person falls into the category of those who missed the train on this opportunity. Maybe I'll play it on the way down buy buying USPIX near the top. P