Bob Brinker: Market Savant & Radio Host Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Math Junkie who wrote (16802)	10/4/2002 2:54:47 PM
From: Tim Bagwell	Read Replies (1) of 42834

So in late 2000 Bob finally sees the bear market forming. What does he do? He immediately bets a large portion of the farm on a CTR at the beginning of the downtrend when the risk is highest. Then, in the face of failure he leaves the trade on indefinitely. Never to offer any additional material advice about it. Do you realize that to this day, Bob has never officially ended the trade? It's embarrassing and of course it's old news but for months after the initial trade he also let it stand. So anyone who thought they were getting a great position on a predicted CTR was still under the buy recommendation. We know now that it was a debacle. The trade is a long term loser with no effort ever being made to stop the losses. Even when the market finally bottoms and the bull takes over, the QQQ trade will be a long term loser. The reality is that it will never recover. The opportunity costs that were lost are huge. Forget that his trade failed. Every trader has losers. But to take no action whatsoever is abandonment. It's an indication of how he handles being wrong. It's astonishing to see in someone who portends to know better.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next