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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Jon Stept who wrote (15023)7/11/2000 9:57:36 PM
From: lifeisgood  Read Replies (1) of 15132
 
I think that he is strongly motivated to support his actions

Well said Jon. Indeed, Bob explicitly said when the QQQ was at ~80 that listeners should not chase it. As such, everyone who listened to him missed out on the bear market rally of the Nasdaq. For all intents and purposes, the call was worthless inasmuch as it was made after the fact (i.e, after QQQ had already risen 10%) and no one who followed Bob's advice ("don't chase it") could then take advantage of it.

Moreover, there was a general consensus on this board at the time of the "low volume test of the Nasdaq" that Bob's conditions for a rally had NOT been met.

I welcome anyone who refutes this to go back to those posts and prove this assertion wrong. To pretend, as some do, that everyone should have known about the imminent Nasdaq rally is disingenuous and categorically false.

The only way to have profited from the current Bear market rally was to ignore BB's advice and chase the QQQ after it had already rallied 10%. Naturally, Bob is not going to advertise that fact. That would not sell newsletters which, as you point out, is ultimately a profit-driven business. Bob expects us to use our own brains and that's the only way one could have made money on the current rally.

best...

LIG
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