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

To: DD™ who wrote (5290)	5/23/1999 10:43:00 AM
From: Thomas M. Carroll	Respond to of 15132

I agree. I always listen with an attentive ear to the first half hour and then the question/answer session for the rest of the show is on the shelf even though in the background. I was waiting intently to hear what he would say about the general market and all I got was nothing. That is until the end. That is not like BB. I also noticed the lack of numbers in the newsletter. Something is up. Tom C

To: DD™ who wrote (5290)	5/23/1999 12:11:00 PM
From: Allan Harris	Read Replies (7) \| Respond to of 15132

Very poignant and astute observations. 1. The timing model may be nearing a SELL signal. This model has issued one signal in 11 years, a signal that has been correct, to say the least. Does that make the timing model the holy grail of market forecasting? 2. The Brinkmaster certainly has gained the respect and confidence of most us on this thread. If he turns bearish, for whatever reason, that will too gain our respect and confidence, but it will not supplant my own mind, my own indicators, my own approach to the market. It is indeed a leg that will crumble, but only one leg. 3. He pointed out yesterday that there has not been a Bear Market since 1990. I think the case can be made that there was indeed a Bear Market in 1998. 4. The Internet Fad. Those that talk about overvaluation of this sector remind me of politicians that talk about pornography. They can't define it, but they know it when they see it. In other words, they don't know how to value an Internet stock, but they know that they are overvalued. 5. As for recent Internet declines, UTEK is down 72% from it's all time highs, yet some have considered it a Buy or Hold for much of this decline. Merely because a stock declines drastically from it's all time highs tells one nothing about the profit potential of the stock's sector in general and other stocks in that sector in particular. 6. Not everyone who buys Internet stocks is a Daytrader or Gunslinger. I have owned many of my Internet stocks for well over 18 months and although I have taken partial profits on the way up, have not sold completely out of a single one of them. Nor do I buy just anything with a dot.com in it's name. I take investing in this sector quite seriously and demand substance in the business and stellar management with a proven record of successful execution before considering investment in any stock, including Internets. 7. I don't really have a seventh point, but will take the opportunity to lament the horrible collapse of my beloved Red Wings out of the Stanley Cup playoffs. It's the goaltending, stupid. A