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

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To: Gary D who wrote (13201)3/17/2001 6:57:42 PM
From: Chris J. Horne  Read Replies (3) of 42834
 
re: "but what do you mean by "timely follow up advice?"

When I received the first newletter after the bulletin, I would have expected to hear something like: "We were too early getting into the QQQs, but we still think they will rally. Stay the course." Instead, I got something like "Put 50% of your cash reserve into QQQ in the low to mid 70s." (Dont quibble on the details of the wording...I dont have the document anymore and my memory is not 100%.)THAT 50% OF CASH RESERVES WAS ALREADY INVESTED AS A RESULT OF THE BULLETIN!

Same for the next newsletter...some words like this would be appropriate: "I know many of you bought in in the low 80s / high 70s based on the bulletin. We still think the Qs will rally. Stay the course." Instead we got something like "Take 50% of your cash reserve and buy QQQ in the mid 60s (or whatever it was). THAT 50% CASH RESERVE HAD ALREADY BEEN INVESTED TWICE BEFORE (once at the bulletin and once with the first newsletter following the bulletin!)!

In a summary, while many subscribers were really shaken up on the QQQ debacle (and this was evident on his bulletin boards), he just stood by silently.

While I am no longer a subscriber, I still read comments that subscribers feel like Bob is letting them hanging on the QQQ trade and is not defining any kind of exit strategy. I believe it has already gone way past the time limit he had placed on the trade.
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