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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: geode00 who wrote (12273)2/22/2001 7:46:25 PM
From: sea_biscuit  Read Replies (3) of 42834
 
Well, one has to admit that Brinker's QQQ call has gone totally awry. There is no getting around that. What makes it worse is that :

a. He got even conservative investors to put their money in this trade.

b. He didn't even consider the possibility that the trade may go against his prediction and therefore didn't specify any kind of stop-loss number.

I respect Brinker's work and his overall call on the market in Jan 2000, but we can't be blind to the fact that he has gone wrong here. Down 40% means that there is almost no possibility of breaking even. One needs a 67% rise to make that happen. And that can happen possibly only in a bull market.

So, when is he going to capitulate on this? Ironically, that might also be the point at which he may want the long-term investors to get back in! Strange are the ways of life!
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