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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 336.54+0.4%4:00 PM EST
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To: Kirk © who wrote (6637)10/31/2011 3:54:41 PM
From: Honey_Bee3 Recommendations   of 10065
 
Thank you, my friend....Every word you wrote is true.

Regarding Bob Brinker's QQQ trade, here are some comments posted this morning on my blog -- by one of my favorite posters:

birdbrain said...I could not let this month pass without acknowledging the recent birthday of the infamous Bob Brinker QQQ Counter trend Rally Call, born in Oct 2000 advising investors to buy the Nasdaq 100 shares at $86 with 20-50% of cash reserves anticipating a 20%+ return in short order. He was slightly off the mark as the shares plummeted 60% in eleven months.

UPDATE: Those who acted on this recommendation and subsequent instructions to "hold for recovery", even with the current market surge, will find QQQ today under $60, a full thirty percent below Mr B's purchase price. And of course if your investment is down 30% you would need a 45% increase JUST TO GET BACK TO WHERE YOU WERE OVER FOUR THOUSAND DAYS AGO.

Because Bob is an Elvis fan he can understand how Counter trend Rally participants are feeling Way Down and All Shook Up, marking incoming Marketholder issues Return to Sender and after reading their retirement accounts wailing I Got Stung, There Goes My Everything, and We're Gonna Move.

Happy 11th, young sprout.

October 31, 2011 12:41 AM

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