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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Investor2 who wrote (7169)7/25/1999 9:11:00 PM
From: Justa Werkenstiff  Respond to of 15132
 
I2: Re: "For instance, you say, "After it goes down about 9% he puts out an outright buy and then waits for the market to go higher before he brags again." There have been a number of times over the past seven years where Bob has forecasted the 9% drop and called it a buying opportunity before the correction occurred. It's certainly not like he just waits for the 9% drop and then tells us to buy."

Good point and I will go one further. When Brinker said the market would make new highs by the end of the summer, not only did he predict it generally BUT he did so specifically and said the NASDAQ and the S & P would make new highs and drag the DOW along for the ride. He nailed it perfectly. Now, can anyone tell me how he was positioned on this call to hedge in case he was wrong? Anyone? I didn't think so... But I thought all of his calls were tautologous? That is what we have been told now as of ten minutes ago. I guess the critics skipped class that day or were shooting spit balls at one another in the back row. Oh, but maybe we have moved on to a new gripe about Brinker by now.... Personally, I did not like his tie on NBR...