I respectfully request that Queen STOP LYING about me. I have never ever misquoted Bob Brinker and you know it.
However, YOU seem to play fast and loose with pulling words out of what I post and using them out of context.
Here is the full quote that of what I said that you seem to be butchering. I said: "Did you know that Bob Brinker called for a "new" QQQQ countertrend rally every month between October 2000 and July 2001? Did you know that in July he rather cryptically advised that subscribers who owned THESE QQQQs (which had lost about 1/2 of their value at that time), to put them on HOLD?"
Now I am going to take the word "new" out of there because in June and July 2001, Brinker actually said to use previous predictions. Although, I think the last sentence would make clear my meaning to anyone not brinker-besotted. How much clearer could I have made what Brinker said in JULY?
Here ya go again, queen. I know you don't like the facts, but here they are just for you:
1) October 2000: "Act Immediately" Bulletin sent.
2) November 2000 Marketimer: Brinker said: "In sum, subscribers can use a portion of their 65% stock market cash reserve position in order to purchase QQQ shares OR Rydex OTC Fund....."
3) December 2000: Brinker again spent the first page and a half touting his October "countertrend rally" that "has the potential to carry the Nasdaq indexes as much as 40% to 50% above their late-November closing levels over the next three to six months." (Target price $90)
4)January 2001: Brinker predicted the a "bear market rally" with the "largest gains to occur in the more volatile and deeply oversold Nasdaq 100 Index." Again, he reiterated that he viewed short-term price weakness in the QQQs in the mid-2000s as good buying opportunities. He used up about another page and a half selling this trade. He went into a long detailed explanation--listing five reasons why, in his opinion, this was sure to happen.
5) Now we are up to February 2001, just 3 1/2 months after the "Act Immediately" bulletin. We see that Bob Brinker’s Marketimer moves the timeline for the “bear market rally.” He listed January 3, 2001 as the turning point, basing this latest decision on the “principal factors” that he had outlined in the January 2001 issue.
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He stated that the “bear market rally” had commenced and he expected the timeline to be “three to six months as measured from the starting point Jan 3.” The price target for this six month “bear market rally” was stated like this: “In terms of Nasdaq 100 shares, our expectation of a target range in the 80 to 90 range remains intact. We believe this remains an achievable objective into the second quarter.”
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In this February 2001 issue of Marketimer, Brinker now seems to start distancing himself from the October, November and December 2000 “buy QQQQ” advice, and especially from the October Bulletin--now claiming that the "bear market rally" commenced in January. And he take an entirely different tack, while attempting to explain what happened to the market in retrospect. He lays out a whole new “big picture view” on the Nasdaq.
6) (As Queen pointed out) March 7, 2001, Marketimer begins with Brinker admitting that "we were wrong in our earlier expectations that a countertrend rally would develop late last year...." He then admits that even his call for a new bear market rally beginning on January 3 "was unable to sustain upward progress in February."
(As Queen neglected to point out) Here is the March 2001 Marketimer prediction: "In our view, the probablilities favor a three to six month bear market rally phase beginning shortly. Such a rally has the potential to carry the Nasdaq composite Index above the 3000 level by spring or summer as measured from the closing lows." (2117.63 as of March 2)
7) Here is what Bob Brinker had to say to these subscribers in the April 6, 2001 Marketimer--Page 2; Paragraph 5: "Recent weakness in the Nasdaq 100 Index (QQQ) shares has far exceeded our expectations. However, we believe subscribers holding a position in these shares will eventually be rewarded, although this holding will require both time and patience. With or without a buy signal from our long-term model, we expect the Nasdaq Composite and Nasdaq 100 Index to stage a significant recovery over the next several months."
8) May 7, 2001 Marketimer: "As we stated last month, 'with or without a buy signal from our long-term model, we expect the Nasdaq Composite and Nasdaq 100 Index to stage a significant recovery over the next several months.'"
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."
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