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

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To: Skeeter Bug who wrote (13658)4/12/2001 12:29:57 PM
From: Rillinois  Read Replies (1) of 42834
 
Skeeter Bug,

Re: bob fell for the b2b internet scam

Not only did he fall for it, he fell for it right at the TOP. And not only did he fall for it right at the TOP, he was vehemently on the sidelines of the internet run-up from the beginning. It boggles the mind....Bob must have capitulated and gave into the new economy crowd and the "it's different this time" crowd. <g>

I didn't post this at the time, but I remember what really confused me about his B2B call is that everyone and their mother was saying that B2B was a slam dunk at the time and Bob often says that he likes being the lone voice in the wilderness. He was just following the herd.

His recommendation was also very contradictory given his views at the time that the Nasdaq was equivalent to a casino. I came to the conclusion that Bob recommended TEFQX as a hedge against his "tactical asset allocation". If the market were to have taken off while he was sitting on 60% cash, what better way to make up for some lost ground than have a high octane high flying sector like B2B on the recommended list.

Best Regards.

Rillinois
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