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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Cautious_Optimist who wrote (10490)10/21/2000 7:33:47 PM
From: Mike Ankley  Read Replies (1) of 42834
 
According to TheStreet.com - Brinker can move the NASDAQ:

thestreet.com

"Yesterday was one of those days. Coming in to the day we had aggressive Nasdaq 100 buying. I couldn't figure out where it was coming from. No one in my office could either. Some of that aggressive buying from the get-go, it turns out, stemmed from a radio report by Bob Brinker, a man whom I do not closely follow, who had been negative on the market since January.

His decision to go positive for a trade over the weekend probably moved the thinly traded market that was yesterday's session substantially. He has a huge and deserved following. "


...

"I now understand they were ramping because the public was buying the QQQs off the Brinker report. Remember, Brinker, while well followed among retail, does not fit into the firmament on Wall Street. (That's probably good.) Not one broker or trader said to us yesterday "I see a ton of QQQ buying." That's because it was all retail buying. But buying of the QQQs yesterday moved all of the underlying stocks, and not vice versa. "
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