Richard, I will follow your advice. Actually, I should have followed this advice a long time ago. I should have never gotten caught up in trying to combat Justa's ad hominem attacks, hasty generalizations, red herrings, etc.
Re:I read your earlier post where you quoted the original UTEK recommendation, and I did see that you are right about it originally having been recommended as a 12 to 18 month trade.
Thank you.
My question was partly to remind you that the 12 to 18 month period is not over yet, and thus it is a little early to be proclaiming defeat for Brinker on it,
You are correct the original 12 to 18 month period is not over yet. And I don't believe I have ever proclaimed defeat for Brinker on it.
and it was partly to find out where you are coming from on this.
When I wrote my "UTEK is a teenager" post I was making two comments. First, I wanted to clarify where UTEK was actually recommended. Many people had misconceptions of where and when Bob recommended UTEK. Some thought he recommended purchase in the 40's many years ago and yet others thought that his first recommendation was a "ROARING BUY" in the low teens.
And second, I personally think that Bob puts a positive spin on things when they don't work out in his favor while at the same time he seems to credit himself an awful lot when he does make a good call.
I didn't want there to be any confusion as to where he recommended it and why he recommended it. As you may know, there are people out there (not necessarily people on this thread) that think that UTEK is going to be the next big winner for Bob simply because Bob often talks about his good recommendations without touching upon his bad recommendations.
I never imagined to what extent some people would go in order to cause confusion and distortion. What possible motives could they have? Is it wrong for someone to post truthful information (as you have noted above) on this thread that might not show Bob in the best light? I don't understand why these truths just couldn't be accepted. I also don't understand why some people find it so hard to believe that I have learned many things from Bob, but at the same time I think he is a "Spin Doctor". Is this some sort of paradox?
UTEK is in an extremely volatile and hard-to-predict sector, and it comes as no surprise to anyone who knows the industry that Brinker (or anyone else for that matter) has more trouble forecasting its near term performance than he does with the market as a whole.
I'm in absolute agreement. On a side note, this is one of the reasons why I believe it is so hard to outperform the market.
I have a hard time understanding why you are making such a big deal out of a temporary setback for one of his stock picks, considering the fact that the original recommended holding period has not elapsed yet, not to mention the fact that he has lengthened his time frame on it.
Well, this is why I started posting about all his other picks. Many people started reflecting on MSFT and VOD as other winners Bob has picked and amazingly not a whole lot of people were aware of his losers. As much as people on this thread are intelligent enough not to buy solely because of Bob's recommendation, there were other people (on AOL and Yahoo) that actually looked at UTEK as there opportunity to find a short-cut to the land of critical mass. One poster on AOL took out a line of credit on his house...unbelievable! And many of these posters were banking on the thought that Bob has never lost.
This is why I started with my posts. I've never had the intention of making a big deal out of this. I think there are a few people on this thread who want to make it a big deal so as to create a cloud of confusion and diversion.
You seem way too obsessed with whether Brinker admits past mistakes. Brinker sometimes changes his view on investments.
I understand that he can change his views, but why doesn't he tell his listeners that he is changing his view. There are people who actually believe UTEK is and always has been a 1999 or 2000 story. I think it is wrong for Bob to give this impression to people. One day he is telling people that he doesn't believe UTEK will be effected by the Asian crisis and the next day he is saying that UTEK is a long-term investment that requires patience. This is wrong in my opinion. It is misleading to his listeners.
I would never trust an investment advisor who did not do this, because good advice has to be based on data, and data changes all the time.
I agree. So why is it so hard for Bob to explain that to people? Do you think it's right for an investment advisor to tell you about all of his winning trades and leave out his losing trades? Of course not.
It does not bother me that he does not stand up and beat his chest, shouting, "Mea culpa, mea culpa!"
Well, on this point we disagree. It does bother me, and especially since he stands up and beats his chest, shouting "MSFT 3 3/4, MSFT 3 3/4" regularly.
Richard, I hope this thread can move on. I will do my part and not respond to Justa, no matter how outlandish his remarks.
Best Regards.
Rillinois |
