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: Kirk © who wrote (12650)	3/2/2001 1:15:50 AM
From: Kirk ©	Read Replies (1) of 42834

35M shares of QQQ traded on AUgust 3, 2000 lets use the price of $84 where Bob stopped out. That is $35M x $84 = $2,940M or 2.94B Lets say Bob had 60,000 subscribers at that time and they accounted for the total QQQ volume... $2.94B / 60,000 = $49,000 That number is pretty big. I bet the participation was more like 1000 people with maybe one to ten thousand bucks as the average play. A drop in the buck compared to total dollars traded that day. When he says "I move the markets", he is joking and some take it too seriously. Now if you talk about a microcap like UTEK, I think the evidence is VERY strong that his buy signal held that stock up while the rest of the sector was crashing and pros were shorting shares and cleaning up on unsuspecting subscribers. I remember Don Lane going on and on about a "short squeeze" and how the shorts "would wish they'd never been born" and they laughed all the way to the bank (some of my money was in that take until I tax loss sold UTEK I paid $28 for). THAT was a good learning experience for me and the tuition was small.

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