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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Chris J. Horne who wrote (10718)11/11/2000 9:28:06 PM
From: Rillinois  Read Replies (3) of 42834
 
Chris J. Horne,

Re: In his current newsletter, he says to put 30% to 50% of cash reserves in QQQ in the low to mid 70s, not even mentioning that he recommended it at 83 (the earliest opportunity).

Not only does he not mention it, Bob is trying to establish a new closing low as the benchmark for the trade. He originally forecasted 20% upside from the closing low of 3074 (QQQ 75) on 10/12. Now he is setting the framework for the Nasdaq closing lows to be as low as 2850. Bob is now forecasting 20% upside from these new lows.

As I interpret the newsletter, Bob could keep lowering the benchmark lows and once the Nasdaq rallies 20% he will be right.

Re: I do not expect perfection, but I do expect an honest representation of the facts.

This you will not get with Bob. It is this type of misrepresentation of the facts from Bob and other so called experts that should not be tolerated. For more on this topic read the following:

Message 13927313

Bob could care less about whether subscribers got in at 83 on his advice. He only cares about maintaining the perception that he is a market timer. This perception builds ratings and adds new subscribers. Unfortunately, most listeners don't listen or follow Bob as closely as we do and therefore are subject to Bob's spinning and half truths.

Re: I am dropping my subscription and spending my weekends on other things.

This most likely happens a lot more than you think, but it's just a part of the business plan for Bob. So he'll just go on to a new crop of listeners that are unaware of the truth and convert them into subscribers and so on.

Best Regards.

Rillinois
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