Bob Brinker, Moneytalk and Marketimer Message Board

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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer

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To: alleeox who wrote (1583)	10/14/2007 4:16:01 PM
From: Kirk ©	Read Replies (2) of 2121

queenleah >>Following and summarizing and analyzing and re-selling Brinker's work and then characterizing it as amateurish seems odd to me. IMO, the Q rec was a bad rec and a WRONG rec, and ignoring it would be foolish... but exaggerating its effect to catastrophic levels is equally insincere and foolish. alleeox >Yes, and if Brinker had listed a specific buy price TOGETHER with a specific stop-loss number in advance to millions of people that would have been amateurish IMO. I don't understand this talk of a "stop loss" as related to Brinker's QQQQ advice. To me, it is like saying a gambler should have bet on red rather than black after losing his money on black. Brinker gave the advice to KEEP BUYING as the QQQQ fell. David just posted about he he gave the NEW buy in January 2001 with the QQQQs already down significnatly as if he never gave the original advice. According to quotes detailed here: home.netcom.com *January's 2001 MT; QQQ=$62.44;* "We continue to view short-term price weakness in Nasdaq 100 shares...Clearly, the Nasdaq indexes have moved lower than we anticipated in recent weeks. However, this has not altered our expectation that a major bear market rally will develop going forward....gains for Nasdaq100 index of up to 50% or more measured from Jan 2 low. Recommended within guidelines listed on pages one and two (20 to 50% of cash reserves)." February 2001 MT; QQQ=$61.55; The timeline for the Nasdaq led countertrend rally remains three to six months as measured from the starting point on January 3. January 3rd "starting point?" How honest is that? He eventually repeated that reset of the starting poing in March 2003, except he used model portfolio money.

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