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

To: Tim Bagwell who wrote (13108)	3/15/2001 5:12:41 PM
From: Kirk ©	Read Replies (1) \| Respond to of 42835

Then there's Bob the trader who takes advantage of short term movements but plays his cards close to the chest. This is the Bob that made the CTR call. It's the more aggressive Bob, the one who gambles on the ponies and takes a risk in individual stock plays. This Bob has only recently decided to come out and play with us and we really don't know what tricks he has up his sleeves yet. I think this version is what makes the show interesting to me but it seems Bob will have to work on it to not make it harmful to his regular audience. I remember WAY, WAY back he kept calling Intel a "good trading stock" but he never defined what that meant. Later on I think he said high liquidity but it was long after I had to think about it and decided what it meant to me. To me, the most important thing a good trading stock had was it was one you would love to own for the long term so in the worst case you either increased your long position or sold at a profit too soon. With that in hand, I added significant value "trading" my company stock for several years in my 401K plan. Trading for me meant adding more shares when it was really cheap and selling these when it got to the high end of my valuation zone. This worked well as HWP had a nice trading range and you could add 20% a year to a long position. When I made a mistake and bought too soon, it meant that I had to hold the stock for a long time before I traded out of those shares. With Bob deciding to use QQQ to trade from the long side, clearly my most important point is not on his list of what makes a good trading stock.