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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 (4375)4/9/1999 4:22:00 PM
From: Justa Werkenstiff  Read Replies (2) | Respond to of 15132
 
** Market Commentary **

NASDAQ looks tired. High volume (we had 4th record a few days back) and we have gone nowhere. We have been over 1B shares for the past few days. Positive earnings are met with a sell off. See Yahoo and GE. Interest rate fall gives us a bump. This market is primed for BIG earnings not just beating the earnings estimates.

No split for Yahoo and no action for the split beeper folks. But wait. Go2net (I think) splits today and goes up 40%. And tweleve year old calls in CNBC and asks what is Disney's problem: it split and it is not going up. Give me a break. Splits are a signal to the mob investors to buy, buy, buy. It is a calling to the formation of an instant pyramid play.

For those still in the small caps, they are still in a coma -- no worse and slightly better. Lars and I are starting the Rip Van Winkle Small Cap Fund. We will invest in value companies in the small cap arena but we will split the funds shares every week or so and each customer will get a free beeper to alert them of our fund splits so as to encourage more fund inflows.