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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: mister topes who wrote (2885)1/18/1998 10:43:00 PM
From: Mark Pritikin  Read Replies (5) of 42834
 
<<How many times has he told you he reentered Intel at 69 for a trade
on the theory the stock was oversold. How many times has he told
you this weekend he soldout at around 77 after earnings were
reported>>

I like his show, but I don't think thats quite how it went. We heard he was bullish last Sunday and that "he" had got in at 69. The stock had closed the Friday before Bob's show last weekend at around 72 and opened higher Monday and closed the day at 75. So if we followed Bob's bullishness on Intel last week, we were in somewhere between 73 and 75. We tune in next week only to find Bob out at 77. However, Intel closed at bid 74 3/4 and for all we know may open down.

My point is that this type of advice is not really characteristic of his investment philosophy. His "whipsaw" advice on such a widely held stock appears to be more self serving to Bob's trading saavy and ego.
I don't think it serves his followers well to get a conflicting message about staying fully invested vs. trading on a weekly basis for 10% short term gains. While your point about INTC's lackluster 52 week trailing performance is true, it should be pointed out that the stock almost tripled from 25 in the preceding year.
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