Bob Brinker: Market Savant & Radio Host Message Board

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

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To: lifeisgood who wrote (10554)	10/23/2000 3:10:56 AM
From: Shane Venem	Read Replies (1) of 42834

Here's my view on that QQQ trade. Obviously, the timing on the trade was perfect. He bought the low. In my opinion, the best thing to do when making a call like that is to just set the upside and tell listeners to take profits when the target is hit. The target was 4200-4400 on the Nasdaq. Anyone who took profits when the Nasdaq hit 4200 would have pocketed a nice profit. The problem with the trade, imo, was waiting for further upside beyond the low end of the target. Then when the market fell substantially, Brinker was painted into a corner. Letting a winning trade turn into a loser was out of the question, hence the stop loss. You call that blowing the sell call. I disagree. He had to do it. What would you do if it was your ass out there making trading calls on national radio? Let a winner turn into a loser? I think he gave as much room to the downside as he could because he felt the market would still make a run back up. As it happens, his stop was barely taken out, which has led to a lot of kicking and screaming by people. Want to guess how much screaming there would be if the market tanked further and that winner did turn into a loser?

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