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

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To: Skeeter Bug who wrote (5044)5/20/1998 12:34:00 PM
From: Cynic 2005  Read Replies (3) of 42834
 
Skeeter, Rillinois has a point. I agree that Bob has called the market correctly thus far. But, His individual stock picks are not so great. One Microsoft performance doesn't compensate for the horrible calls on the others - especially when you sell your expensive advice. Among the stocks mentioned by Rillinois, I put myself in the same category as Bob - dead wrong on Stanford Telecom - at least thus far.

BTW, I truly believe that Bob has been right for the wrong reasons. He mentions KO is extremely over priced. the run-up in Dell is lunatic. Internet craze is crazy. While acknowledging all these excesses, he thinks the market fundamentals are great. And at the same time, he can't resist but taunt the "bad news bears." Never a mention of the liquidity driven market. I somehow fail to understand that a market that over priced so many blue chips (per Bob's own admittance) will price the other issues correctly. So much for efficient market theories.

His understanding of the semiconductor equipment market is horrendous. He said the chip companies need to keep on upgrading their equipment just to stay in business. But, what do they pay with when their operations are running at losses and the demand is not enough to catch-up with the excess supply that is being created by the minute? Bob's failure to see the bubble is the biggest folly in my books. I wonder if he ever mentioned the exponential growth of the money supply in this country.

Then again, I have never doubted his integrity. After all, he puts his money where his mouth is.

-Mohan

Thread, I know this thread has, off-late, become "Hail Bob" thread. I have no patience or time to argue with some silly comments on my post. I just felt that you would listen to the other side of the story as well. I welcome constructive criticism but not irrational flames.
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