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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: milorose who wrote (40558)11/17/2008 10:03:03 AM
From: Honey_Bee  Read Replies (1) of 42834
 
Hi milorose,

You are one of many who had their retirement plans changed because they trusted Brinker and bought QQQQ's in 2000-2001.

He did a sales pitch on them that went on for several months in Marketimer. He devoted full pages to promoting the trade.

He actually made THREE different pitches for buying QQQQ. The original one was in October with the "Act Immediately" Bulletin.

The second one was in January 2001 after they had dropped some. He predicted an upcoming "counter-trend rally" for the whole market, which would be led by the Nasdaq.

Then in March 2001, after the market (and QQQQ) dropped some more, he said "we were wrong" about the January counter-trend rally, and then he predicted ANOTHER counter-trend rally would begin shortly.

I have documented his month-by-month dialogue on this subject. When you put it all together and read it, it's staggering to know that his only mea culpa before burying the whole thing was a simple, "we were wrong."

.
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