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

To: davidk555 who wrote (12538)	2/28/2001 10:28:37 PM
From: Kirk ©	Read Replies (2) \| Respond to of 42834

"The Oct. 11 TaskMaster column, Drink Up: This Year's Special Is a Bottomless Comp, incorrectly reported that Bob Brinker, editor and publisher of Bob Brinker's Marketimer and host of ABC Radio's MoneyTalk, recommended buying the Nasdaq 100 Trust in May at 74 and selling at 100. In fact, Brinker told his radio audience he'd bought the QQQs at 74 and then later said he thought they would get beyond 100. But his actual sell recommendation was at 84. (corrected Oct. 17) thestreet.com Good work David! Task told me that he got the original wrong information from a phone interview. Perhaps he didn't take good notes? 8) We ripped Task a new one and emailed his boss that he was a terrible journalist to print crap he did without verification. Task learned his lesson and now emails many people for information and gets copies of the MT so he can read it himself rather than rely on a phone interview. THanks David for being the standard of truth! 8) I think the keys statements were: "We identified a buying opportunity in the mid $70's" "We mentioned this on the radio" -not saying it was after the fact and he said to not chase. "They went on to over $100" I think Task may have assumed that a sell was given at $100, but we know the truth... Kirk

To: davidk555 who wrote (12538)	2/28/2001 11:35:01 PM
From: Math Junkie	Read Replies (1) \| Respond to of 42834

David, 1. If you re-read what I wrote, you will see that I was NOT accusing you of sinister motives, but was instead making a point about why it is a bad idea to do that. 2. In the article you linked, dated October 20th, Task inexplicably admitted to something he did not do. If you follow the link to the ORIGINAL article dated October 11th, which I linked, you will find the following: "Brinker's proprietary (of course) market-timing model has remained bearish since January, save for brief trading rally recommendations. In his show which aired May 27-28, he recommended buying the Nasdaq 100 Trust (QQQ:AMEX - news) (a call that caught the attention of a noted trader). The QQQs closed at 77 3/4 the Friday before the recommendation was made on his weekend radio show. Brinker later suggested the QQQs would reach $100, which they did on July 17. The QQQs declined thereafter and on July 29-30 he recommended investors take profits at 84. They have since rallied back to as high as $103 33/64 on Sept. 1, but closed at $77 1/16 on Wednesday." [emphasis added] The only thing Task got wrong in the October 11th article were the details of the buy recommendation, not the sell price. So now who is it who "didn't research the issue fully"?