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


To: Boca_PETE who wrote (12977)3/13/2001 12:06:43 PM
From: geode00  Read Replies (1) | Respond to of 42834
 
An unfortunate decision on his part. I'm sure he gave it his best..

Maybe he did, maybe he didn't we will probably never know. However, 'giving it your best' is the excuse you give to grade schoolers, not to professional money men (and women).

but in this market, nothing seems to work

This is simply not true. There are people doing well and companies hitting 52 week highs. Bob is having a lousy 6 months but others are not.

If he was a really good market timer, he should have rotated into non-tech instead of plunging back into tech all guns blazing. Of course that would have required foresight/hindsight but isn't that what market timers claim they have?



To: Boca_PETE who wrote (12977)3/13/2001 8:00:33 PM
From: sea_biscuit  Read Replies (2) | Respond to of 42834
 
I think Brinker made two fatal errors with regard to the CTR advice :

One, he suggested that even conservative investors can have a go at it. And this, after he has said repeatedly that in a bear market, capital preservation is the key. Who needs to preserve capital if not conservative investors?

Two, having suggested a buy point, he didn't suggest a "stop loss" level. Again he violated his own principle about preserving capital (or what's left of it) by getting out on a small loss. Instead, what's happened is that people have a big loss now and are wondering what hit them. Very tragic indeed.