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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer

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To: queenleah who wrote (1640)10/17/2007 3:50:39 PM
From: joefromspringfieldRead Replies (1) of 2121
 
The Queen said:

"Agreed, math...What I wonder is how many really did what we are still hearing so much agonizing over, i.e. really invested up to 50% of cash reserves into QQQ on the October call. I suspect very few did so, but we'll never know. I also suspect that some of those who DID get caught up in the "mania of the times" and who DID invest too much, are some of those from whom we're "hearing" so much."

I suspect you and I have very little knowledge of what others did with the QQQ recommendation. David Korn OTOH has thousands of Emails on this very subject and perhaps he could be kind enough to share with us his conclusions based on what he has heard from his subscriber base.

I don't feel the people who participated were motivated by the mania of the times but rather by their devotion to Brinker. Several weeks ago a caller tried to explain to Brinker why he had gotten several calls from people who didn't agree with his advice to buy the total stock market over Berkshire Hathaway. The caller pointed out to Brinker that these people have the same type of devotion to Warren Buffet that Brinker's fans have for him. Brinker didn't agree with this caller but I thought he hit he nail on the head. Buffet has his annual meeting and so do the Brinker Bots. If Warren Buffet would have sent the QQQ bulletin to his shareholders, I think many of them would have acted.
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