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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Tim Bagwell who wrote (16319)7/24/2002 11:24:04 PM
From: geode00   of 42834
 
I'm of the opinion that these all count against him now since they are the only way he can undo the big bust CTR. He should be pulling out all the stops to call these things for the benefit of those left to rot.

That's our guru Bob. What has he been doing with his single largest equity bet ever (that I remember) after he gave up on the trade? In the approximately 16 months since he finally agreed with everyone else (Bob was pretty much the last to know) that it was an unmitigated bust, he's done even more damage by putting them on hold.

Now, if he had listened to what these boards told him, he would have acknowledged the enormous contradiction between his opinion of the total market's overvaluation vs his hold on massively overvalued QQQs. If he had read those squiggly lines instead of making fun of them, he could have been perfectly consistent and gone short via the Rydex funds.

Then his stance on the total market and the QQQs would have matched and, guess what, he would have gotten back a good deal of what had been lost. Instead, he's compounded a stupid mistake with a debacle and let the whole thing fester for almost two years now.

Bob is nothing if not stubborn as heck and he will darn well hold onto those QQQs at a 73% loss because, well, they're just too darn cheap to sell.
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