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

To: Boca_PETE who wrote (48)	7/5/2000 9:40:15 AM
From: KurtSS	Read Replies (2) \| Respond to of 10065

Pete, First, I agree totally with your last post on the now dead thread. A good way to close it out. I predict that without Justa, Wally, I2, etc. we will see a steady decline in activity in the weeks ahead. Regarding Bob's approach to the short term QQQ trade, I'm thinking he will look closely at "market internals", much like when he predicted the possibility of this trade and then executed it, several weeks ago. Prompted by his discussion of these internals (and, as Justa pointed out, the "clinic" that he conducted on his show), I've done some investigating into TA. TA has always struck me as voodoo, and much better at describing what just occurred vs. what will happen. I think Bob has basically said as much. However, Bob clearly uses some elements of TA. The following link is the best explanation I've seen regarding identification of topping and bottoming action. You'll note some overlapping terminology with what Bob has discussed. home.talkcity.com Where Bob goes beyond this TA discussion however, is how he was able to predict that the QQQ buying opportunity might be setting up. Identifying it is tough enough, but he actually could see that it might be developing. Pretty amazing. KurtSS

To: Boca_PETE who wrote (48)	7/5/2000 9:50:14 AM
From: Investor2	Respond to of 10065

Re: "Anyone think this series of bb.com posts may specifically lay out Brinker's road map to close out the short-term QQQ trade later this summer ?" The poster states that he (she?) "put all my dry powder back in QQQ earlier." That seems to be quite an aggressive trade, not at all consistent with Bob's 60% cash recommendation. Best wishes, I2

To: Boca_PETE who wrote (48)	7/5/2000 1:14:12 PM
From: Justa Werkenstiff	Respond to of 10065

Pete: I do not think anyone can predict short term movements of the Nasdaq to the precision speculated by that poster. Important thing is to sell out at a big profit and not try to get the last dollar. Market can turn hard on you and never look back if this is a bear market rally. Also, as mentioned before, specific stock risk is very risky for this trade. You could get blow'd up in a heartbeat if you have the wrong stock. Today's toast is CA. Could have bought it at the same price today as offered in the Fall of 1998. You have nothing to show if you have held this one since then. Nothing. As I have said before, sure there are going to be some tech. winners in the market but the odds that you will have a winner in tech. land have decreased in the past few months. The house has changed the odds and investors and traders alike should take note.