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

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To: Chris J. Horne who wrote (12932)3/11/2001 11:29:12 PM
From: Kirk ©  Read Replies (1) of 42834
 
. The market opened the next day at $83 and a fraction. That was the earliest opportunity. What could be clearer?

It has been reported by many more than one that they called the office and asked if Bob was still recommending QQQ at $86 and they were told that "Bob was comfortable with that price.".

Perhaps these people are liars, but they report it in another censored group just for people that really like Bob Brinker so I see no motive for them to distort the truth.

Anyway, nothing clearer than calling the office and asking.

To me, it was clear that the expected 20% was from $75 1/8th but I know many smart people that didn't figure that out until I hammered it into their heads. Me, I thought it was a hoax as it was so out of character. All his other buys in the newsletter had prices.

BTW, IF you go back to 1999 MTs, we are well below where he had a buy on QQQ back then. Do you think these companies have changed that much?
8)

Also, Bob correctly predicted that the NASDAQ would drop between 40% and 70%. I remember well as I thought it a silly prediction as we had already had a 40% correction.... but now that we are down 59%... it sure seems like Bob made a good prediction. Being that the NASDAQ can move 15% in a day or two, how far off MOABO would we be NOW and how fast could BB get the signal out should we hit it?

Disclaimer, I've been a buyer of technology the past few months(with good GARP numbers, of course) and have not been losing money as the market declines this year. (my stocks are up and my fund is down for net neutral) I think we are putting in a bottom.. but I've been wrong before.
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