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

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From: stockalot7/21/2006 11:38:43 AM
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"It's the Honesty Stupid" paraphrasing James Carville and applying it to the Brinker saga. Brinker in his latest newsletter claims

"Marketimer is currently ranked # 1 by the two ratings services Hulbert Financial Digest..."

It seems people familiar with Hulbert's ratings cannot find a single category out of many in Hulbert's newsletter that ranks Brinker number 1.

Now I have seen Mark Hulbert on various financial shows and have read several of his articles on CBS marketwatch. He does not impress me as the sort of person who would condone someone lying about a rating from his service. I would think he would be strongly persuaded that he needed to make more of Brinker's dishonesty on the QQQ trade had he heard the telephone call last weekend.

Mr. Hulbert allowed Brinker to take a mulligan on the QQQs claiming that he (Hulbert) had purchased the QQQs when he got the bulletin in his tracking portfolio for Brinker and sold them weeks later at a loss when he saw Brinker did not include them in the model portfolios. For a long while, perhaps to this day he had an asterik on Brinker's record mentioning the off the books call.

Mr. Hulbert never really reconciled how anyone following Brinker's advice would have had all of their cash reserves from Jan 2000 to reinvest on March 2003. It was something of a mulligan. A "do-over" for Brinker.

BUT:

I don't think Mr. Hulbert knew about how dishonestly Brinker is handling the QQQ fiasco with his subscribers. Indeed, on the radio last weekend Brinker was asked point blank about the 5 yr old QQQs by a caller. Brinker in the worst example of deception answered the caller claiming that "We lowered our allocation in the QQQ shares in our model portfolios in the April Newsletter".

Just as I predicted in March 2003, Brinker is dishonestly TOTALLY HIDING the QQQ ACT IMMEDIATELY to buy QQQs with huge % of "cash reserves" in Oct. 2000. He first claimed they were not part of the portfolios--now he is dishonestly acting like the only QQQs that he knows anything about are those 25.00 QQQs he stuck in each portfolio in March 2003.

Indeed it is the way of a charlatan. I am rather certain that Hulbert if he realized the game Brinker is playing would have anything good to say about the guy.
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