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


To: Rillinois who wrote (6766)8/12/1998 8:52:00 PM
From: Investor2  Read Replies (1) | Respond to of 42834
 
Re: "which translates into weakness below 110 on Spiders..."

I believe Bob answered a question on his radio show, indicating that the "buy point" for SPY was about $109.

I2



To: Rillinois who wrote (6766)8/13/1998 12:31:00 PM
From: Trebor  Read Replies (1) | Respond to of 42834
 
Real Annoy:
Chortle while you can. Yes, I bought SPY at 109, more or less blindly on BB's advice, and here it is a whole eight trading days later and I haven't been "made whole" yet. So what? The guy has been too right for too long for me to ignore his recommendations. Let's see where we are 3,6 or 12 months from now. He who laughs last laughs best. As for UTEK, I now have a cost basis under $18 as a result of expired premiums on covered calls. I'm perfectly comfortable with that position and perfectly content to wait it out.