QQQ CTR running synopsis from Suite 101
suite101.com
Anyone interested in the ability to gain from "counter trend" cyclical bull market calls in a "Secular bear market" should study this summary.
ACousins wrote a summary of what Bob has been saying by month. suite101.com
I saved this recap in my files:
In Jan 2000 Brinker moved 60% of his equity portfolios to cash. In August 2000 he moved another 5% to cash for a total of 65% in cash reserves. He told subscribers to wait for instructions on how to use these cash reserves. If he had stayed there, this move would have looked brilliant. But, the story is only beginning.
October 16, 2000 subscribers got a special bulletin advising them to "Act Immediately" and buy QQQ in anticipation of a 2 to 4 months "counter trend rally" for a 20% or more gain. Callers to the office were told "Bob is comfortable with QQQ at $86." The advice in the bulletin was:
Aggressive investors told to put 30 to 50% of cash reserves into QQQ.
Conservative investors recommended to put 20 to 30% of cash reserves into QQQ.
The Bulletin: home.ix.netcom.com.
November 6, 2000 MT: QQQ=$81.00
"Subscribers seeking to establish positions at optimum price levels [editor highlight] should, if possible, accumulate QQQ shares at prices in the range between the low-70's and mid-70's as opportunities arise in the near-term. In our view, gains off the closing Nasdaq lowpoint have the potential to exceed 20% by a wide margin. This is especially true if recent Nasdaq lows are retested during the month of November.
December 3, 2000 MT: QQQ=$64.00 Talks about 1990 and how Nasdaq bottomed, then went 9.7% lower before a big rally. Says "In our view, the exceptional oversold readings [I thought he didn't use TA?] readings registered in the Nasdaq indexes in late-November are a very positive development. … the counter trend rally phase has the potential to carry the Nasdaq indexes as much as 40% to 50% above their late-November closing levels over the next three to six months. This rally has the potential to extend well into the first quarter, and possibly the second quarter of 2001. [snip] Short-term price weakness in the Nasdaq-100... in the 2800's or lower is viewed as an attractive buying opportunity…
[EC: EBO, MOABO and VEBO???]
Son of QQQ or 2nd subscriber QQQ Counter Trend Rally Cry:
January's 2001 MT; QQQ=$62.44; "We continue to view short-term price weakness in Nasdaq 100 shares...Clearly, the Nasdaq indexes have moved lower than we anticipated in recent weeks. However, this has not altered our expectation that a major bear market rally will develop going forward.... recommended within guidelines listed on pages one and two (20 to 50% of cash reserves)."
February 2001 MT: The timeline for the Nasdaq led countertrend rally remains three to six months as measured from the starting point on January 3.
March2001 MT: In our view, the probabilities favor a three to six month bear market rally phase beginning shortly.
April 2001 MT: We expect the Nasdaq Composite and Nasdaq 100 index to stage a significant recovery over the next several months.
May 2001 MT: We continue to believe the Nasdaq has the potential to recover in the months ahead.
June 2001 MT: For subscribers with a position in Nasdaq 100 Index (QQQ) shares, we recommend holding these shares for future recovery...
July 2001 MT: We also recommend subscribers with a position in Nasdaq 100 Index (QQQ) shares hold for price recovery...
August 2001 MT: We also recommend subscribers with a position in Nasdaq 100 Index (QQQ) shares hold for recovery...
September 2001 MT: "Making this transaction in taxable accounts for tax purposes is consistent with our recommendation to hold QQQ shares for price recovery over time...The switch into XLK...is solely for the purpose of realizing short-term tax losses for current or future use..."
October 01: "We continue our long-standing policy of not selling into weakness and we recommend subscribers with a position in Nasdaq 100 (QQQ) shares hold these shares as we expect them to trade at much higher levels..."
December 01; QQQ=$40.83; "...we recommend holding in anticipation of higher price levels during the next cyclical bull market..."
January 02; QQQ=$41.67; "we prefer to hold existing positions in the expectation that the next cyclical bull..."
February 02; QQQ=$36.92; "..hold these shares for recovery during the next cyclical bull..."
March 02; QQQ=$35.74; "...can hold these shares in anticipation of much higher prices in the next cyclical bull..."
April 02; QQQ=$36.06: "We are also retaining our hold rating..."
May '02; QQQ=$31.56: "We are also retaining our hold rating."
June '02; QQQ=$30.04: "We are maintaining a hold rating."
July 5, '02; QQQ=$26.34: "We continue our policy of not selling into weakness, and recommend those with a position in Nasdaq 100 (QQQ) shares hold for higher prices during the next cyclical bull market."
August 8, '02 QQQ=$22.25 : "We are maintaining our hold rating on Nasdaq 100 (QQQ) shares…" |
