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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Honey_Bee who wrote (24643)8/30/2006 3:43:19 PM
From: EQ   Read Replies (3) of 42834
 
Roses:
“I feel sympathy for Retiredinprescott. He is a casualty of the BOB BRINKER-mystique and it cost him big time. I see he is rather upset that he is being called a liar, and I think an apology is in order.”

Roses, I disagree.

Granted, regarding the QQQ call, Bob gave a horrible recommendation, didn’t employ proper trading safeguards and failed to give the guidance he promised.

However:
1) Bob did NOT force Retiredinprescott to execute the trade.
2) Moreover, Retiredinprescott did not trade according to Bob’s recommendations.
3) Lastly, Retiredinprescott should have had the sense to put in a stop loss. He (and Bob) should have pulled the plug at an 8-10% loss – period – end of sentence!

If Retiredinprescott was entranced by Bob’s “mystique” and lost all that money, I feel sorry for him but the blame can not be laid at Bob’s feet.

Retiredinprescott is a "casualty" of not doing due diligence, not using stop losses and not employing appropriate hedging strategies whilst putting a whole lotta eggs in one basket. This is also known as "Drive-by Investing."

Oh, and Bob is a “casualty” when subscribers (and others) "modify" his advice and decide to do their own thing, then twist his words, then incorrectly blame him, then go whining to the national media.
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