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

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To: Elmer who wrote (13541)4/8/2001 11:26:28 PM
From: geode00  Read Replies (2) of 42834
 
FWIW I didn't buy QQQs then but I'm buying them now

Congratulations on being smart and not listening to Brinker's advice. Believe me, I'm not the only one who's furious about this. This isn't going away as long as the QQQ's are underwater. I estimate about 4 years at this rate.

If you had been in the QQQs since they were in the 80s during the 'act immediately' phase, you would be furious also. This wasn't just one blown call, he actually censored subscribers who didn't agree with him and then continued with the QQQs for 6 months repeating his blown call again and again and again. They haven't gone away, they've just become "investments" even though that was never the intent.

This is a series of bad calls plus egregious behaviour to boot. I wish people had shouted louder prior to October. Even if they had shouted louder after October there would have been a chance to get out in the high 60s in January.

Unfortunately, too many people turn the other cheek, chalk it up to experience and let people like Bob get away with it. The upshot? Horrible situations like these. A 60% loss in 6 months is not small especially when the perpetrator of the advice is appearing every weekend AS IF he said to go to sidestep the bear market instead of advising subscribers to dive into it.

Time for Bob to leave the airwaves and the newsletter biz for the good of portfolios everywhere. Otherwise, he could do this again and again and again.
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