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


To: Demosthenes who wrote (4257)4/4/1999 2:08:00 PM
From: Jeffrey D  Respond to of 15132
 
Two articles from the L.A. Times on our resident "e-Bears" and their equally difficult counterparts, "stock hypesters." Excellent reading and Silicon Investor is mentioned in both. My favorite part of the articles is below. Happy Easter everyone!! Jeff
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latimes.com
latimes.com
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Beware the Anonymous Source

While acknowledging that information from online critics can be "very useful and credible," Securities and Exchange Commission enforcement chief Richard H. Walker offered this rule in a recent interview: "Never rely on investment advice--positive or negative--from an anonymous source."
What purports to be objective commentary can be a bramble of undisclosed interests and outright deceptions, he said.
For example, according to Walker, the agency once learned of a Web site fraudulently touting the "top 10 stocks recommended by the SEC." When investigators tried to reach the promoter by phone, they were told, "He's not home from school yet."
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To: Demosthenes who wrote (4257)4/4/1999 4:38:00 PM
From: Justa Werkenstiff  Respond to of 15132
 
D: Re: " I don't recall him saying that the R2000 would go down less in percentage but I would think that would be the case. Do you agree?"

No, I don't think Brinker said this either. The Russell may go down in a correction less but outperformance on the downside is a small reward. I mean if the NASDAQ gets a 20% hit and the Russell only gets a 15% hit, whoopee. I would expect the Russell in correction situation would at least take a 10% hit. Any further outperformance on the downside by the Russell would be unlikely in my opinion. Most likely any outperformance would be marginal. But if we did get such a correction, one would have to ask if the correction could be considered the catalyst for outperformance on the upside or would we go back top the same old large cap game. Would investors dump their small caps once again to ride the large cap wave on the upswing?

Now in a bear market, I would expect no real chance of outperformance on the downside in the Russell.



To: Demosthenes who wrote (4257)4/4/1999 7:52:00 PM
From: Lars  Read Replies (1) | Respond to of 15132
 
Demosthenes,

>>>
If the market does correct and if select small cap equips get hit again after the March window dressing I'm afraid I'll break my hand on the buy button. Could you recommend a good doctor so I'll have somewhere to get it fixed after the correction is over?
>>>

Our catalog has a wonderful "Buy Button Tonic" that worked wonders for me in the latter part of 1998 especially after I pulled the trigger on the Ultrabull.

I encourage you buy some now in case we get a correction. At a 10% correction level Justa and I raise the prices. Ha!