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

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To: geode00 who wrote (12824)3/12/2001 8:20:45 PM
From: Rillinois  Read Replies (1) of 42834
 
geode00,

As far as I've been able to determine, Bob tries very hard to not take realized losses on recommended individual stocks. However, he removes mutual funds from his recommended list because of poor performance all the time.

This is another area where Bob misleads new subscribers. Bob has no accountability for funds that have been removed. Bob only shows performance for the funds currently on the list. Nowhere on his list does he disclose previous mutual fund recommendations that have blown up and believe me there have been many.

Not surprisingly, Bob removed Firsthand e-Commerce from the recommended list this month after falling over 80% from the highs. But in a rare move, I don't recall Bob doing this before when removing mutual funds from the recommended list, Bob said he rates the fund a "hold" at this time and he went on to say the fund is a "candidate for possible future addition to our long-term model portfolio".

Why would he downgrade the fund to a "hold" and say "this fund has the potential to generate total investment returns that will prove competitive over time with the overall market" and at the same time delete the fund from the recommended list? Is this an attempt to keep the truth from future unsuspecting subscribers while not admitting a horrendous recommendation yet again to those who followed the original recommendation?

Best Regards.

Rillinois
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