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

To: lightwave51 who wrote (13705)	4/13/2001 2:33:21 AM
From: Math Junkie	Respond to of 42834

If Bob makes any more "short term" trading recommendations once this one is closed, I will be surprised and disappointed. I don't blame people for being angry, but I think it is unhealthy to wallow in it.

To: lightwave51 who wrote (13705)	4/13/2001 7:32:51 AM
From: Boca_PETE	Read Replies (2) \| Respond to of 42834

lightwave51 - re:("When you pay for advice, you expect it to be correct.") This is your expectation. IMHO, you set yourself up for disappointments with such a high expectation. Since all market recommendations are based on probabilities and nobody has a crystal ball or a market train schedule, I accept the possibility that some recommendations will not work out as planned. Certainly the October 2000 Cube recommendation is a painful example of this. My disappointment is with a recommended strategy that I believe to be flawed and contrary to the principles espoused by the advisor. I don't believe Bob realized the true risks of going against the overall long-term bear trend of the market. In his innate opposition to recommending short sales, I don't believe Bob realized that it would have been much less risky to recommend a bear fund near the top of counter-trend rallies in a bear market because I think Bob forgot or did not realize the implications of the principle he espoused that a bear market is "a mirror image" of a bull market - everything is reversed. I believe that had he realized such implications, he would have concluded that just as the low point of pull-backs in a bull market is the lowest risk point to buy, the high point of counter-trend rallies in a bear market is the lowest risk point to sell short or buy a bear fund. I've only realized all of this in retrospect and take responsibility for that. Seeing Bob's apparent success at picking the start of CTR1 last May and his success at identifying the area of the top of that rally set me up to believe his October CTR2 call could also succeed. This is probably why I failed to initially realize the flaw in the strategy. This is my fault. I can't justify blaming anyone else because I can't find evidence of anything other than human error on the part of Bob. Never the less, I'm not real happy about what has happened and probably will not act on his future short-term trading recommendations if he makes new ones after closing out the current one. P