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: geode00 who wrote (12446)	2/27/2001 3:32:09 PM
From: Yogizuna	Read Replies (1) \| Respond to of 42834

What is the old saying? Something like: Do not confuse genius with a bull market. That certainly could be the case with Bob, but only time will tell.... It is extremely important for any guru to admit when they are wrong, and I myself cannot imagine not doing so. For example, the buy signal on CREE posted in my subject area when it was 36 was wrong and way off base, and I have absolutely no problem admitting it. A radio show would not change that for me. Yogi

To: geode00 who wrote (12446)	2/27/2001 3:59:23 PM
From: Tim Bagwell	Read Replies (8) \| Respond to of 42834

This site has become a favorite wailing wall for crybabies who can't accept their own failure. Let's get something clear here. Bob's call on the long term bear market was correct. That was the single-most important call of all because it gave you the opportunity to cash out at a good price. If you chose to accept the risk of trading, you made money on the first CTR by following Brinker's advice. Granted, he got whipsawed at 84 but this was not completely his fault. I remember that day well and the marketmakers took advantage of his call. I believe, that is the primary reason that he decided to change the format of the program and to never discuss short term trades on the air. The second CTR has been a disaster but you must consider the exogenous events which did have an effect whether you want to admit it or not. Beyond that, it's clear that Brinker believes the CTR will eventually prevail. If you disagree, accept your failure and move on. By his actions it's clear that Brinker believes that stranding a trade by stopping out is very often the wrong thing to do as it takes you out of the market on weakness. This is almost always the wrong decision. This is a trading philosophy that he follows. If you disagree, accept your failure and move on. If you are a good trader, and only the good ones should have participated in the first place, then you have been able to ride the waves and lower your cost basis on this trade. If you failed to do this, accept your failure and move on.