Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: XBrit who wrote (10362)	10/16/2000 8:35:51 PM
From: Adam Smith	Respond to of 42834

Would be nice to have it authenticated by others. With all the fake press releases on the web BB's not immune to this also. I realize you are just reposting just trying make sure it's real. Thanks Adam

To: XBrit who wrote (10362)	10/16/2000 9:25:00 PM
From: Les H	Read Replies (1) \| Respond to of 42834

Note that QQQ is only 2 points below his stop loss exit price.

To: XBrit who wrote (10362)	10/16/2000 11:13:06 PM
From: Jack Hartmann	Respond to of 42834

Probably a hoax. Brinker has repeatedly said the Markettimer is not a short term timing newsletter and that he wouldn't post these kind of bear market rallies in the MT or e-mails. Convenient that it shows up when the site is down. TSCM excerpt article: Regarding Bob Brinker, editor and publisher of Bob Brinker's Marketimer and host of ABC Radio's "MoneyTalk," several readers recalled a very different version of his Nasdaq 100 Trust recommendation in May. Upon further review, here is what transpired, as best as I can ascertain: In his May 13-14 MoneyTalk show, Brinker told listeners to look for signs of "positive divergences." In the May 27-28 show, Brinker said those divergences had occurred during the previous week and that he had taken advantage by buying the QQQs (QQQ:Nasdaq - news - boards) at $74 on May 23. He predicted a 20% upside but cautioned that the trade was for "sophisticated traders" only. Inspired partially -- it seems -- by folks buying on Brinker's recommendation, the QQQs opened at $80 when trading resumed on Tuesday, May 30 and rose as high as $85.94. In the July 8-9 show, Brinker said he expected the QQQs to get beyond $100 later in the summer, but he did not explicitly recommend selling them at that level, as I originally reported (all apologies). Brinker said he would announce when it was time to sell at a later date, a pledge he repeated during the July 15-16 show. In the July 29-30 show -- with the QQQs back down to $86.88 -- Brinker recommended investors take profits if the shares dipped to $84, which they hit on Aug. 3. There's obviously a lot of frustrations about this trade, judging from the emails. But here's my take: Could Brinker have done it better or differently, including his description of the events to this reporter? Yes, absolutely. But almost everyone who followed Brinker's recommendations profited, and I have a hard time feeling badly for anyone who profited on a trade, any trade -- especially this year. More to the point, Brinker said explicitly the QQQ trade was for "sophisticated traders," and I don't know anyone who fits that description who waits breathlessly for someone else to tell them when (or what) to buy or sell. Furthermore, how much does Brinker's radio advice cost? If you want the right to complain, pony up and subscribe to his newsletter (and RealMoney.com), or hire a full-service broker. Finally, none of this changes the fact Brinker's macromarket call this year has been spot on, which was the point of the story. If you've listened to him, you've made money or at least pared losses. Don't get upset because he didn't come over and mow your lawn, too thestreet.com Jack