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


To: rsie who wrote (11652)1/13/2001 9:51:47 PM
From: rsie  Respond to of 42834
 
with reports like this...

one has to wait for the end of the trade to make such characterizations....

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To: rsie who wrote (11652)1/13/2001 9:56:22 PM
From: geode00  Respond to of 42834
 
points well taken.....but can't we wait till the trade is done?
You have already decided how to characterize the trade.....that is what I find so disconcerting...


This is the problem I have with simply waiting. As I understand it, the original QQQ trade last year was in at the low 80s and out at a stop of 84. Of course, anyone could have gotten out on their own over 100 and any place in between. I'm just going by the radio show dates and available market prices that I've seen posted. (See the Suite101.com boards for a more detailed analysis)

I believe BB called the CTR but that his entry/exit/timeframes were off. On this call, he was very far off on the entry and the timeframes. The exit appears to be a moving target and is, apparently, lower than originally set.

With this history, I would reasonably assume that he will also be off on the exit of this one. I think it's safer to call this one highly questionable and seek a better exit strategy than to simply ride it out and wait for a sell signal.

I don't think BB is wrong all the time. Otherwise, I wouldn't be sitting on my pile of Qs. I thought he was right. I'm no longer kidding myself based on the facts.