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

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To: J. M. Blackburn who wrote (10552)10/23/2000 1:57:39 AM
From: lifeisgood  Read Replies (2) of 42834
 
Sorry, but I just had to step in here. After Bob's first buy call on QQQ, the lowest you could have bought in for was 80. He called a sell at 84. That is a 5% return. Subtract what you would have made in money market funds during the time your money was at risk and you'll end up with a paltry 3- 3.5% point gain.

That is hardly earthshaking. I do better than that on a decent day. I respect Bob and am a subscriber. Yet I see him for what he is... a fallible human being who cannot predict the future and who, like the rest of us, makes mistakes.

He blew the sell call on the Qs the first time around by getting shaken out at the low (a classic mistake of amateur traders). Let's see if he can redeem himself this time around.

best...

LIG
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