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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: sea_biscuit who wrote (12291)2/22/2001 8:21:05 PM
From: Chris J. Horne  Read Replies (1) | Respond to of 42834
 
re: "So, when is he going to capitulate on this?"

Maybe when hell freezes over...or maybe even longer. Kind of like the UTEK call.



To: sea_biscuit who wrote (12291)2/22/2001 9:13:03 PM
From: Surfer  Read Replies (1) | Respond to of 42834
 
Dipy, Excellent. Everyone should read Dipy's post and ponder over it. For BB call to QQQ 90 by end of second quarter, you should believe an average of 4.47% rise every week from today's close to end of June. May be America falls in love with Tech. stocks again and sends money to Tech. fund managers to lift the boat. You nailed it Dipy. Where is the stop-loss number? Though, I'm bleeding, I cut my losses and licking my wounds.

Quote from the site, thestreet.com

<
Brinker will "work to identify an appropriate sell point during the coming months" for the
QQQs. It's possible Brinker has changed his outlook since the newsletter was published
on Feb. 7, but in that issue -- and in a recent conversation with me -- the market timer
seemed as adamant as ever that his "countertrend rally" call will prove accurate. The QQQ
was off 0.50; or 0.97%, to 51 today after trading as low as 48.89. "
> end of quote from the above site.
Check at the site, what other gurus are doing? Also, check the site:
comstockfunds.com Then, click on the daily comment. Read and ponder over it.

Thanks Dipy again.



To: sea_biscuit who wrote (12291)2/22/2001 9:49:22 PM
From: geode00  Respond to of 42834
 
So, when is he going to capitulate on this? Ironically, that might also be the point at which he may want the long-term investors to get back in!

He has said that this thing could stretch out until Q4 2002! That's a long time to wait to break even.

If the CPI/PPI keeps going the way it has then the Fed's hands are tied. Someone posted today about the Cleveland Gov who, if I remember correctly, was still an inflation hawk. Heard the same kind of thing on Wall Street Week as well.

If that's the case and stagflation is in the works (or here already) then the Fed has to pretty much wait it out. The economy has to capitulate on its own. Kind of like the market.

I'm thinking: sell the rallies and trade the crests and troughs. That said, here's still hoping for an interim rate cut. One can always hope and pray.