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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer

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To: TREND1 who wrote (1875)12/20/2007 7:32:47 PM
From: InvesTing of 2121
 
You do a great job of acting like Brinker. You look at history and claim that it was 'easy' to see that one should do this and not that.

Indeed the problem comes in when one is forced to tell you what to do AT THE TIME.

As Honey points out; Brinker used the same money twice.

He told people to leave about 1/3 of the money in the market (now this is the guy who swore that if he was ever bearish he would go to 100% cash)

He then told people to take up to 1/2 of the money they took out of the market and buy QQQs trading about 80 bucks. He sent an urgent one of a kind bulletin to subscribers that gave no discussion of risk, suitability, not even a price or a date but urged them to ACT IMMEDIATELY with specifics amounts of the money removed from the market.

Brinker has NEVER CLOSED OUT THAT POSITION TO THIS VERY DAY more than 7 years later.

But to buy into the performance that Brinker claims and you apparently are pimping here, you have to believe that you can use that same money that Brinker bought those QQQs with in 2000 and then turn around and use it to buy again WITHOUT SELLING in the interim in March 2003. That is just pure unadulterated BS.

Brinker is always good in telling you what happened and how smart he is and how he knew it was going to work this way or that way. Unfortunately he is not forthright in representing his actual recommendations in the past and is very "foggy" on his current stance. He is wrong as often as he is right. Only with spin and the value of a "do-over" like using the same funds twice without selling (try that with your broker) does he look even smart let alone the genius you are trying to make him out to be.
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