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

To: marc ultra who wrote (6221)	8/10/2011 10:30:39 PM
From: rsie	Respond to of 10065

" That said I find it very hard to wait around for a final retest which Bob tends to prefer before declaring all in.." the important issue: who you listen to?. there are those that think we are going down again from here. and those that believe as do I that we are in the 1998 scenario--- before blowing off the top again (2000). Those in the semi stock threads of course, just buy and sell.... I think that we are setting up for a tech bubble once again. 8)

To: marc ultra who wrote (6221)	8/10/2011 10:45:12 PM
From: Honey_Bee	1 Recommendation Read Replies (1) \| Respond to of 10065

Marc, Are you aware that Bob Brinker IS ALL IN? Why are you inferring that he has raised cash and is waiting to put it back. It is not true. .

To: marc ultra who wrote (6221)	8/13/2011 4:13:27 PM
From: Pigboy	Read Replies (1) \| Respond to of 10065

Hi Marc, <<< March 2009 is an interesting situation I thought a lot about and I personally don't consider it a normal untested bottom situation. I say that because it was looking like a re-run of the 2000-2003 bear where we bottomed in Oct 2002 and then had the spectacular retest in March 2003 from which we doubled. So in 2008 we bottomed in Nov I believe at around 741 looking at that chart and it looked to me we were heading for a very similar retest in March 2009. Then, as it looked like we were putting in that final retest, we had a final bear raid on the financials by the shorts causing panic and quickly plunging us down to the final bottom of 666 from which we started the massive bull once again doubling as we did off the 2003 retest. So I think that last plunge to 666 was more about the repeal of the uptick rule and CDSs allowing for one last free shot on the short side ruining the retest of the Oct lows. >>> Also, just for fun, the Nasdaq behaved slightly different. It's low in Nov. 08 was 1295 and then the re-test low in March O9 was 1265. Only 2% off compared to the S&P's 10%. Curiously, the Nasdaq in March 09 never closed below the 08 levels.