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

To: Justa Werkenstiff who wrote (421)	7/21/2000 5:42:48 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 10065

Instant Replay on Chips Message 13893952 June 16, 2000 Looks like the Justa scenario is entering another phase. Financials are getting clocked again. BKX down another 4.0% and are in free fall. Good news for tech. heads as that rotational move will give some fuel to that sector. But tech. investors should take note because at some time in the future the SOX will do a BKX. I believe the SOX is in a topping pattern. This can last an extended period of time. There is an excellent chance that these stocks will trade higher and could even make new highs. This sector is hard to predict in terms of price. I also believe that even though the business is strong that the market will start to discount a slowdown in the chip sector. The current fundamentals will not matter as the market will look beyond them. One scenario indicative of a change of sentiment is a series of lower highs and lower lows over time in the face of good news. This is the slow bleed. The other scenario is an earnings or outlook miss by a big player. These stocks are priced for super news. One minor negative step means the hammer with a slowing economic background. A failure of this type would take the whole group down immediately. And if the miss is indicative of a trend, they may not go back to their highs anytime soon. If the SOX remains in a topping pattern (looks like this roughly /^^^^^^\ ) in the coming weeks/months I would consider doing some selling and consider selling out totally when Brinker does his dump if you are of the same opinion as he is with respect to the overall market.