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

To: Lars who wrote (4265)	4/5/1999 12:38:00 AM
From: Surfer	Respond to of 15132

Lars, Thanks for the summary. In response to a caller about Dow 11,000 prediction by somebody else, this time Bob didn't make fun out of his peers. He said that it's possible if interest rate goes down and recession fear among investors goes away. So, it looks like his views are changing a little bit. Can't wait to see the April letter. May be he will revise the target to higher??? Hopefully, Bob will agree with Birinyi for Dow 12000 this year. Then, we're talking two best in the business, are in the same boat. Of course, all bets are off if Fed tightens it... Thanks.

To: Lars who wrote (4265)	4/5/1999 2:45:00 PM
From: sea_biscuit	Respond to of 15132

Thanks, Lars. That was a great summary! Best wishes.

To: Lars who wrote (4265)	4/5/1999 4:53:00 PM
From: sea_biscuit	Respond to of 15132

All : ...2 weeks ago when Bob commented on Nasdaq 100 symbol QQQ; Bob said MCI, Dell, INTC and MSFT make up 40% of the value; Bob said he will comment further in April newsletter which comes out soon; QQQ trades at 5% of index; Bob said if you want to buy this make sure you DCA into it. QQQ is a "modified capitalization-weighted" index. i.e. if ever any of the components exceeds 24% of the index, the index will be rebalanced by selling just enough of the component's shares until it falls to 20% of the index. Also, if the total of all those components that exceed 4.5% of the index goes over 48%, there will be a rebalancing exercise that will ensure that the total weight is brought down to 40%. Does anybody have any comments on this? Speaking for myself, I do like the "buy low; sell high" effect that the rebalancing will have.