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

To: Kirk © who wrote (13652)	4/12/2001 11:08:48 AM
From: Boca_PETE	Read Replies (2) \| Respond to of 42834

Kirk: Thank you for linking to the copy of the NBR transcript posted at your website. I believe the specific exchange I remembered came just after your e-mail was discussed. As a viewer and aware of your posted positions about Brinker's views, I had connected the two. Here is the exact excerpt cut from your link: (QUOTE) KANGAS: Bob, it's come to my attention that employees at Ultratech have the option to invest their 401 (k) funds with a management firm in which you are a principal. BRINKER: Exactly. KANGAS: So, my question is does your firm recommend individual stocks? BRINKER: Absolutely not. The BJ Group exclusively invests in no-load mutual funds. KANGAS: All right. So, you see no conflict there? BRINKER: Absolutely not. (UNQUOTE) BTW - I too see not conflict of interest. It's not my intention to have a war of words with you over this issue. - IF you post that you WERE NOT RESPONSIBLE for "bringing the issue to Kangas's attention, I certainly do totally retract that portion of my comments that mentions your e-mail. - Absent the above post and realizing you are under no obligation to post to that effect, I do hereby amend my comments to say "as a viewer, my impression was that KL brought this matter to Kangis's attention, however my impression could be wrong." As for your favorite part of the interview, I thought his advice was quite good. Remember, only the NASDAQ subsequently skyrocketed, not the broad market. Here's my favorite part of the interview" (QUOTE) KANGAS: Well, we've gotten to 11,200 on the Dow, and do you see maybe that's about it for a while? BRINKER: Well, I think that the 11,000s could be real difficult to climb through. I think there's a lot of stock for sale in the 11,000s. (UNQUOTE) Brinker certainly was correct about the DOW 11000's. Of course that's only 30 stocks, but the S&P500 has not increased by greater than 5% from where it was when he made his long-term call on January 10, 2000. On reflection and IMHO, Brinker's most recent errors mainly relate to short-term trading advice given during year 2000. Also, I can't disagree that his UTEK call was a bummer also up until recently. I did not partake in CTR1 until it topped out last summer. At that time I bought some URPIX (Pro UltraBear Fund). I closed it out at a profit last November. I put the proceeds into QQQ. Took a tax loss on QQQ in December that totally offset my URPIX profit. Proceeds went into that 3.2 Beta RYVYX (Rydex Velocity 100) Black Hole with the thought I might recover my cube loss twice as fast. Now I know what the stars feel like when they get within the gravitational pull of a black hole. But as sure as that fund collapsed at wharp speed, it will surely come back twice as fast as the stocks of the top 100 Nasdaq companies come back (hopefully in my lifetime - sooner rather than latter). I did not bet the farm on this adventure and I take full responsibility for this regratable folly. Hindsight has taught me never to go against the overall long-term trend in the market (which I believe was the crux of where Brinker's advice went off the cliff last year). BTW, nice green background on that entire NBR transcript posted at your site - very restful on the eyes. suite101.com P