Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: BigShoulders who wrote (13825)	4/18/2001 8:25:01 PM
From: Chris J. Horne	Read Replies (1) \| Respond to of 42834

Re: "one should buy QQQ's immediately at 83, Since you and others continue to misquote Brinker I have to belabor the point I've made before: Brinker never said this." In the bulletin that I received on January 10, 2000, Bob said to buy QQQ immediately. On Jauary 11, QQQ opened at 83. That IS immediately. Which of these facts do you dispute?

To: BigShoulders who wrote (13825)	4/18/2001 9:09:49 PM
From: Rillinois	Read Replies (2) \| Respond to of 42834

BigShoulders, Please do not attempt to discredit me by painting a broad brush and lumping me in with people that misquote Brinker. For the record, here are the excerpts in question from the "subscriber bulletin from Maketimer" in mid-October 2000: Marketimer is projecting a significant countertrend rally which is expected to be led by the Nasdaq 100 index. We expect this rally to persist over a period of approximately 2 to 4 months, and to generate Nasdaq gains in excess of 20% from the vicinity of the recently established Nasdaq closing low point... ...We recommend subscribers interested in taking advantage of this recommendation act immediately. As I understand your position, you are arguing that Bob was measuring the potential 20% or more upside from "the recently established Nasdaq closing low point" which translates to a QQQ closing low point of 75 1/8. And your opinion is that 83 which was the first available price to "act immediately" for many subscribers is not close enough to "the vicinity of the recently established Nasdaq closing low point" and thus they were not following what Bob said. Whereas, you maybe correct that 75 1/8 was the benchmark for the trade, Bob DID NOT say "buy at 75 1/8 or better". He DID NOT say "do NOT buy over xx". He DID say "act immediately" and therefore many subscribers paid 83. For all practical purposes Bob gave a market order to buy QQQ's and 83 was the price that many subscribers paid after following Bob's recommendation. As I'm sure you know, there is a risk with market orders of not getting your intended price, but that is a risk that many people gladly take every day to assure their fill. Maybe Bob needs a refresher course, but that is what he instructed subscribers to do. If he intended people to get filled closer to 75 1/8, he could have very easily recommended subscribers buy QQQ in the "vicinity of the recently established Nasdaq closing low point" and defined what would be "in the vicinity" either by placing a limit or placing a range that would be an acceptable entry point as he has normally done when recommending individual stocks or when identifying gift horse buying opportunities. BUT HE DIDN"T, so I believe it is reasonable to interpret his recommendation as an instruction to act immediately and buy the QQQ's at the market price at the time you got your bulletin which turned out to be 83 for many subscribers. Best Regards. Rillinois