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: Rillinois who wrote (13830)	4/18/2001 9:55:19 PM
From: BigShoulders	Read Replies (3) of 42834

R Re; Buy immediately at 83 vs 75 1/8 benchmark for Brinker's call on CTR 2 Excellent summary of the different views. I do think that the appropriate benchmark for Brinker's CTR 2 call is 75 1/8. The 20% + potential move was clearly referenced against the "recent closing low" which was the 75 1/8 price. I agree that he should have stated this number in the bulletin. This was a mistake, it would have been simple for him to reference the price. That said, I have a hard time understanding why someone would buy at the market without respect to price, especially on a short term trade in a volatile security. To me the opportunity was for a potential 20% gain relative to the QQQ price of 75 1/8. So to me the potential was for the price to go to 90. I would not have bought at 83 when my opportunity was less than a 9% gain with increased risk. For someone who bought at 83 (or higher as some have said) I think they should take responsibility for the losses down to 75 1/8. Brinker can be blamed for the rest, and that's a lot. Best wishes BS

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