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

To: Justa Werkenstiff who wrote (750)	9/5/1998 9:58:00 PM
From: Bill Shepherd	Respond to of 15132

Justa...Thanks for the summary...sports everywhere, I couldn't pull in the broadcast. I'm not surprised by Bob being subdued...he must be feeling a little humility after the past week's market action! Regards...Bill S

To: Justa Werkenstiff who wrote (750)	9/5/1998 10:16:00 PM
From: Math Junkie	Read Replies (1) \| Respond to of 15132

I had to try several stations via the internet before I could get the broadcast. Fortunately I did get most of it. I would not have described him as subdued, but rather businesslike. As you said, he was not pounding the table, but was just stating his opinion. I think I did hear him say that he thinks the market will go on to make new highs in the coming year. One caller asked if Ralph Acampora's market call could not be characterized as brilliant, but Bob did not think that description was appropriate, based on the fact that the Dow was already down in the 8400's when it was made. I would tend to agree that "brilliant" would be an exaggeration. Personally, I think that callers could just as well leave off of bringing up Ralph, as the topic is getting old, and I think that Bob has gotten the message.

To: Justa Werkenstiff who wrote (750)	9/5/1998 10:20:00 PM
From: Kirk ©	Read Replies (2) \| Respond to of 15132

Thanks Justa! Great summary and i copied it over, giving you full credit, to suite101.com for those on the "Free Plan". I'll add that I thought that the Discussion of Dell's valuation interesting, though Ken Brown on the other thread lists the book values that show Dell is still a bargain compared to the internet companies, but still way too high! I like the image of a fighter getting up for another round after suffering a knockdown. The unexpected floored him and his model but he is still looking for the market to do what that market does, go up! He mentioned several times not to have valuations more than 4% in any company unless you work there then it is 10% max. I might consider this when HWP goes back up! 8) regards Kirk out

To: Justa Werkenstiff who wrote (750)	9/5/1998 10:57:00 PM
From: marc ultra	Read Replies (3) \| Respond to of 15132

Justa, thanks for the excellent summary. I heard the broadcast but a lot of problems due to thunderstorms and when I turned on my computer to hear it when the broadcast went down it looks like my modem might have died. Back to 288 for me. I agree his tone sounded a bit subdued and he seemed to be putting a lot more emphasis on staying or getting into a reasonable asset allocation than pounding the table as a buying opportunity. I wonder if his tone might have been affected by the pounding some are giving him on various internet sites. I think a key issue for us is whether these international events which aren't accounted for in his model until a US effect can be surmised can drag us down hard and fast into a nasty bear market before any sell signal can be triggered. I don't think so and I think we are due for a big rally in the near term and hopefully there will be time for a sell signal and an exit if the time comes when it looks like the US will get dragged down. I am concerned about the possibility earnings could fall more rapidly than Bob is currently anticipating but we will see. looks like on top of recent losses I may have to add the cost of a modem. Marc

To: Justa Werkenstiff who wrote (750)	9/6/1998 2:20:00 PM
From: stock bull	Read Replies (3) \| Respond to of 15132

Justa, I want to thank you for your excellent summaries of BB's show. Well done. Re:<<Later in the show, Brinker quipped that the possibility of the FRB lowering rates, could be just the medicine the doctor ordered for investors in terms of breaking the confluence of global economic an political worries.>> After giving BB's comments some thought, I started to wonder how the lowering of interest rates, say in the range of 25 to 50 basis points, could have a significant impact on the global situation that we are now confronting. It seems to me that a rate reduction would be a "drop in the ocean". Re:<<He did not call this a "buying opportunity" or a "gift horse." He did keep saying the market was attractive for purchase and thought it was the best time this year to be putting new money to work.>> Isn't this just a play on words? Its all seems to say, invest now. I think jumping out of an airplane without a parachute would be easier to do. Appreciate your comments. Stock Bull