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

To: marc ultra who wrote (4950)	5/4/1999 8:09:00 AM
From: MrGreenJeans	Read Replies (2) \| Respond to of 15132

Marc You getting any more concerned about the market? No more concerned than I have been in recent months. Like most followers of Bob I am watching the market very carefully and will shift my allocations to a more defensive position in a New York minute if need be. I intend to leave the dance with the girl I came with. Bob convinced me to be heavily invested in this market during the 1980's and when / if Bob issues a sell signal I will exit and position myself to short the market. At the moment I am expecting that Amat will surpass expectations when they report profits on May 18th and I expect the sector to rise in anticipation of this event in the next 10 days or so. If the sector rises I may be taking some semiconductor profits and moving more money into cash. In this type of environment it may benefit us all to disengage from the market a bit early ahead of the crowd, I am hoping Bob is thinking along the same lines, because when / if this market turns ugly the ensuing events will not be pretty. At some point it will be better to take your profits and leave a bit early than trying to earn the the last dime the market has to offer.

To: marc ultra who wrote (4950)	5/5/1999 2:47:00 AM
From: marc ultra	Read Replies (1) \| Respond to of 15132

re:correction. Seems to me near term course of the market will be determined Friday. We have a recent history of every time rates creep up and the market corrects there seems to be an employment report that is seen as sanguine and rescues the day with a big bond and stock rally. If things are changing in the near term or beyond a bad response to Friday's report may start us down the slope for a bad correction or worse. If those sentiment numbers are much worse on Wednesday (unlikely) things could also really get dicey. I wish I had put a little more in that 2beta short fund yesterday but it was the first mutual fund order I put in with this firm and I wanted to make sure things were executed OK before going heavier. Anyway it's working as desired with a 3.3% gain today. Hmmm now I wonder what the chances would be for riding this hedge down until Bob gives a Buy signal then removing my 2beta short hedge and going 2beta long. I can dream anyway, just hope I'm not giving any inappropriate ideas to some here Marc