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: Chris J. Horne who wrote (13202)	3/18/2001 11:03:36 AM
From: BigShoulders	Read Replies (1) of 42834

Chris Re: (Dont quibble on the details of the wording...I dont have the document anymore and my memory is not 100%.) I'll have to quibble because there are some significant differences in what you recall and what Brinker actually wrote Re: 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." When the the November bulletin was issued Q's were in the low 80's (Nov 6 close of 82.44). So it was too early to say he was too early. Re: 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." The Dec newsletter, Brinker refers to the Dec 1 close for the Q's of 64. Brinker did talk about how the market had gone lower than expected and attributed it to the presidential election and corporate earnings announcements. Brinker said his indicators were showing an extremely oversold condition and the major CTR was still expected but would be extended into the first or second quarter. Brinker said that Q's had potential to get to 90's. That was clear guidance to anyone no matter what price they paid. The Nov and Dec newsletters provided advice to the holders of Q's and those might yet buy in or add to their positions. Explanation of events and reinforcement of his expectation of CTR 2 were included. While CTR 2 was a bad call I don't see that he was guilty of not providing followup advice. The followup advice continuing into 2001 (continued expectation of CTR2, lower entry point for new buyers, lower target price, will recommend exit point) may prove wrong as well. Never-the-less it is guidance to both holders of the Q's as well as to potential buyers. Best of luck

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