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

To: Math Junkie who wrote (12505)	2/28/2001 5:55:40 PM
From: geode00	Read Replies (1) \| Respond to of 42834

On it goes. It's the fault of the advisee but never the advisor. The one fault of the advisee was to think of Brinker as being knowledgeable in any way about how to properly invest. That was my fault and is obviously the fault of others. YOu are definitely right, accept the failure to not see that point clearly. Also, why don't you take a look at the negative divergences between Bob's horrendous Q call versus the DIAs and other indices. Also look at Bob's record vs the S&P. Frequently posted on that other board. Heck, at this point MM's are up 2% while QQQs are down over 40%.

To: Math Junkie who wrote (12505)	2/28/2001 8:25:59 PM
From: davidk555	Read Replies (1) \| Respond to of 42834

Richard, I would like to address your comment about Bob Brinker discussing his past experience "trading stocks" and the presumption that many people may have had that he had in fact done so successfully in the past. I hope this comment benefits others as well. As you know, I have listened to the Moneytalk shows in the last several years probably closer than any person and I don't think I am exagerating. Bob has in fact referenced his "successful" trades many a time - unfortunately, it has always been after the fact with listerners, so there has been no way to gauge his performance. Kirk is correct about Bob rarely discussing trades, investments or even the way the market is heading if it is not as he predicted or does not paint him in a good light. Call it show business, call it a character flaw, call it what you will - I believe that is a fact based upon my listening to him. Why is this relevant? Well, this may be one reason why people have an erroneous perception of Bob's skill as a trader. Perhaps you remember an experience in the mid-1990s when Bob was discussing his trades of Intel every week on the show. I remember it well because I made money trading off of it, until one day the stock took a nose dive suddently and Bob came on that weekend saying he wasn't going to discuss it anymore. In researching Bob's stock picks over the years, I would rate him about a "C" stock picker. Most listeners probably have heard Bob mention Microsoft and Vodafone and maybe even Utek. But have they heard of all of the other stocks and funds that he made lousy trades on? I doubt it. Indeed, I hadn't heard of several until I researched the issue. Many people who are casual listeners that I know, were even shocked to hear that Bob's timing model did not work in the late 1980s. Even Aaron Task of thestreet.com initially got Bob's May counter-trend rally advice wrong, saying that he told people to sell at $100 rather than $84 until he was corrected by his readership. How did he get that erroneous information in the first place? I will leave that up to you to figure out. My point is that I do not think that anyone should make the presumption that Bob is or has been a successful trader. If there was ample evidence of this, I am sure we would have heard of it. The most recent experience with the QQQ trade has been a difficult and sobering experience for many. Hopefully, most will eventually chalk it up as a diffucult lesson to learn. From perusing the message boards, it appears that some won't, though I don't include you in this category. Perhaps a quote from Reminiscences of a Stock Operator is in order to end this lengthy post: "I do not wish to make the same mistake a second time. A man can excuse his mistakes only by capitalizing them to his subsequent profit."