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

To: Investor2 who wrote (4188)	3/31/1999 4:36:00 PM
From: Justa Werkenstiff	Respond to of 15132

I2: Re: " I've found that the worst thing that can happen is to get lucky on a stock, buy in close to the bottom, and then sell out for a nice profit. Every time something like that happens, I tend to move away from my very effective long-term investment strategy and start to trade in an attempt to duplicate my quick killing. Only to get caught in the muck as the "fish" burrows lower and lower." I feel your pain <g>.I tend to look at the quick killing as a market gift. I take it and move on. These are not common. Last week I bought PLAB at $18 15/16. Smith Barney upgraded it the next day. The market gave me $20.50 that day. I took it because the other stocks were failing in the group and I thought the upgrade might wear off and, if it did not, there would always be something else. Sometimes it works and one can have a second bite at the apple. The market gave it back to me again at $18 1/8 today thanks to ETEC. Quick kills occur more often in a huge bull run where practically anything you buy goes up, except for small caps <g>. Buying on the dips works real well then. Buyers rush in at lower prices. In a correction, the dips can get deeper and deeper and one has to be willing to hold it longer and endure a paper loss. WAXS is a perfect example. So is UTEK. I think UTEK's performance over the past year and demonstrated beyond a doubt the power of the "Brinker Effect <g>."