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

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To: Tim Bagwell who wrote (16345)7/30/2002 3:45:22 PM
From: Kirk ©  Read Replies (1) of 42834
 
>>>I'd be stunned if he attempted to call a third CTR given previous more recent short term call results>>>

Do you mean a fourth Counter Trend Rally Call for QQQ?

The first was the "free sample for the school kids" that he did on the radio. He said to "wait for QQQs to drop back into the mid $70's and not chase." They didn't drop back but some bought anyway so he played it as if they were following his advice. On the air he told callers that asked if they should sell with QQQ over $100 "wait for me to announce a sell on the radio." Soon after he announced a "preserve capital at $84 sell" and the trade was over.

His next QQQ call on 10/16/00 he was "smarter" and sent out his undated, unpriced QQQ bulletin so this wouldn't happen again. Of course, the QQQs were tumbling before they even had the 20% or more gain he was looking for. He encouraged many to buy in the next MT even as they dropped below a reasonable "stop loss - preserve capital" level.

Then he took a 3rd bite of the apple in his January 2001 Marketimer where he pretty much ignored the October call, didn't say what went wrong with it, but he called for an "up to 50% or more" gain in QQQs with the same portfolio percentages. I've always wondered if he averaged down with his BJ Group accounts since they no longer were 1/3 in QQQs.

2000 1019 BJG_QQQ_Memo: home.ix.netcom.com
2000 1016 Act_ImmediatelyQQQ: home.ix.netcom.com

Isn't it funny how hard it is to keep track of "off the books" advice?

Kirk

PS Picture of Brinker the QQQ trader anekdotov.net
(hint, Brinker WAS wearing the hat!)
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