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


To: Chris J. Horne who wrote (10718)11/10/2000 9:37:31 AM
From: Investor2  Read Replies (3) | Respond to of 42834
 
Re: "Bob issued a bulletin to subscribers that was received on 10/17/00 saying to put 30 to 50% of cash reserves in QQQ at the earliest opportunity which was 10/17/00."

What was the "earliest opportunity" for you was not the earliest opportunity for me. My purchase was made one day later, at the open, for $76.25. Which means that I'm slightly ahead on the trade, rather than 9% behind, like you mention for the $83.125 entry point.

This is a good demonstration of the extreme volatility in stocks, especially Nasdaq stocks. It's also one time that I'm glad the mail is a little slow here in the rural Midwest. <g>

Best wishes,

I2

PS - Don't forget to hit the return key at the end of each line of text when you use the "fixed font" feature on your posts.



To: Chris J. Horne who wrote (10718)11/10/2000 7:06:42 PM
From: Diamond Jim  Read Replies (1) | Respond to of 42834
 
Chris, the truth isn't gonna be popular here. The truth isn't even allowed at www.bbcensoredthread.com

yep, he ain't lookin' so hot is he? Only way out is he will focus on the 30% recommendation and saying he doesn't have a crystal ball. He talked election non-stop so I don't want to hear this as an excuse but you know we will.

jim



To: Chris J. Horne who wrote (10718)11/11/2000 12:45:54 AM
From: greg nus  Read Replies (1) | Respond to of 42834
 
Chris, If i not mistaken Bob signaled out of QQQ 83 in mid 90's for a nice profit for followeres seems you missed the sell signal. PS not a subscriber to MT, but do listen in.



To: Chris J. Horne who wrote (10718)11/11/2000 9:28:06 PM
From: Rillinois  Read Replies (3) | Respond to of 42834
 
Chris J. Horne,

Re: In his current newsletter, he says to put 30% to 50% of cash reserves in QQQ in the low to mid 70s, not even mentioning that he recommended it at 83 (the earliest opportunity).

Not only does he not mention it, Bob is trying to establish a new closing low as the benchmark for the trade. He originally forecasted 20% upside from the closing low of 3074 (QQQ 75) on 10/12. Now he is setting the framework for the Nasdaq closing lows to be as low as 2850. Bob is now forecasting 20% upside from these new lows.

As I interpret the newsletter, Bob could keep lowering the benchmark lows and once the Nasdaq rallies 20% he will be right.

Re: I do not expect perfection, but I do expect an honest representation of the facts.

This you will not get with Bob. It is this type of misrepresentation of the facts from Bob and other so called experts that should not be tolerated. For more on this topic read the following:

Message 13927313

Bob could care less about whether subscribers got in at 83 on his advice. He only cares about maintaining the perception that he is a market timer. This perception builds ratings and adds new subscribers. Unfortunately, most listeners don't listen or follow Bob as closely as we do and therefore are subject to Bob's spinning and half truths.

Re: I am dropping my subscription and spending my weekends on other things.

This most likely happens a lot more than you think, but it's just a part of the business plan for Bob. So he'll just go on to a new crop of listeners that are unaware of the truth and convert them into subscribers and so on.

Best Regards.

Rillinois



To: Chris J. Horne who wrote (10718)11/13/2000 4:55:42 PM
From: Chris J. Horne  Read Replies (4) | Respond to of 42834
 
re: "Bob issued a bulletin to subscribers that was received on 10/17/00 saying to put 30 to 50% of cash reserves in QQQ at the earliest opportunity which was 10/17/00. In his current newsletter, he says to put 30% to 50% of cash reserves in QQQ in the low to mid 70s, not even mentioning that he recommended it at 83 (the earliest opportunity)."

OK, I am going to go out on a limb and predict Bob's next call. I predict he is going to say that agressive investors should put 30% to 50% of their cash reserves in QQQ in the mid to upper 60s, which he will say is a great entry point. From there, he will expect that the return will exceed 20%.

Chris



To: Chris J. Horne who wrote (10718)11/22/2000 8:41:30 PM
From: Chris J. Horne  Read Replies (1) | Respond to of 42834
 
How Bob's calls are working out:

Sell signal of Jan 11th (looking pretty good right now)

1/11/2000 11/22/2000 Change (%)
Wilshire 5000 13,497 12,110 -10.3%
DJIA 11,522 10,399 - 9.7%
S&P 500 1,441 1,322 - 8.3%
NASDAQ 3,882 2,755 -29.0%

QQQ Buy Signal of 10/17/00

10/17/00 11/09/00
Buy (@Open) Close Price Change
QQQ 83.125 66.33 -20.2%

Bob can spin all he likes, but the facts are his 1/11/00
sell signal is positive by about 10% for the broad market
(which he recommends) and his QQQ buy signal on 10/17/00
is negative by 20%...and it just keeps getting worse and
worse...I am taking the QQQ price from his ORIGINAL
recommendation in the bulletin, which he does not
acknowledge, not the low to mid 70s price he put in the
more recent newsletter. Next newsletter, QQQ will probably
be recommended in the low to mid 60s... JESSH!