Honeytres originally said (in 23062): Did you know that Bob Brinker called for a "new" QQQQ countertrend rally every month between October 2000 and July 2001?
Now Honey is changing her words to Brinker's actual words, which didn't say anything in June and July about "a 'new' QQQ countertrend rally"
9) June 2001 Marketimer: About the Nasdaq 100 Index (QQQ) shares, Brinker said: "....we recommend holding these shares for future recovery within our earlier percentage guidelines."
10) July 2001: "We also recommend subscribers with a position in Nasdaq 100 (QQQ) shares hold for price recovery within our earlier percentage guidelines."
Now Queen, you can "quibble" about this all you want, the facts speak for themselves.
Call it quibbling if you wish, but "holding" for (unspecified) "price recovery" is not the same thing as "called for a 'new' QQQ countertrend rally every month". Call it quibbling if you wish, but there's a difference.
Yes, perhaps he should have foreseen the disastrous effects of the election morass and other things would and did have on the stock market in general and the Qs in particular, or seen and analyzed them differently at the time. Shoulda, woulda, coulda. I'm not sure anyone else did any better. Seems to me he realized that he had made a seriously mistaken call and there was little he could do but ride it out. He never did recommend selling into a down market, on anything.
He was mistaken on the Qs, to be sure, not fraudulent or criminal, as we counterbashers have said many times. I'm not sure what the percentage is in villifying the mistaken call or the advisor forever after.
Yes, the facts speak for themselves. But only when you repeat the facts accurately. |
