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


To: stock bull who wrote (14837)6/26/2000 9:28:00 PM
From: Justa Werkenstiff  Read Replies (2) | Respond to of 15132
 
SB: Re: "So, I guess the best thing to do is just follow Bob's advice. What do you think?"

Sure, if you agree with him on the outlook <g>.
Moroeover, if one does agree, one has to make their own action plan in light of their personal goals and personal financial situation. I have said what I plan to do. That may not be right for others.

QQQ trade not in the letter. It was a unique and rare short term trading opportunity which the letter could not adequately address. Brinker did the best he could given the medium available to get the trade information out. Some like myself got in in the mid 70s based on information presented in his prior shows. Unfortunately for others, the market did not trade again in the mid 70s after that weekend when Brinker pointed out the trading opportunity on the radio. Some took the trade anyway around $80.

I doubt the trade opportunity would have presented itself had it no been of the aggressive tone of the Fed. May meeting press release and discount move. The Fed. got in the face of the market because the market was ready to go ballistic at that time. Should be an interesting next few days.