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To: Wally Mastroly who wrote (181201)7/20/2002 4:29:46 PM
From: geode00  Read Replies (2) | Respond to of 436258
 
Re: Bob Brinker

Would raising margin requirements really have prevented huge funds from "investing" in the big cap techs? Look at the Sun meltdown, was that bubble a result of high margins of individual investors?

Bob should come clean about his own form of bubble investing. Remember, he advised putting almost one third of your entire portfolio into the QQQs when they were selling at around 83.

That "investment" in the big cap tech bubble while it was still bubblicious is now down over 70% and Bob Brinker still has it as a HOLD. Did Bob Brinker's Marketimer subscribers use margin to buy those QQQ shares at 83? Did margin affect their holding them still at 23?

I think not.

Bob has many, many red herrings that prevent his listeners and subscribers from paying much attention to his own mistakes. Remember, he has never issued a sell signal in his longterm model even though he is now saying this is an incredible bear. What would it take for his model to ever say sell?

Wally, I know you're a rabid Bob fan but you really have to be more cynical about the tripe that Bob dribbles out in his 6 hour infomercials. Remember, Bob also advised investing in TEFQX (B2B internet Firsthand fund down 90% from those highs) at the tail end of the internet boom.

Note that his holds are all tech stocks: UTEK (which he finally dispensed with at a paltry gain after 3 years of being underwater and right before the big run up), VOD and MSFT. All are severely underwater.

Maybe he should have advised staying away from all those tech and internet "investments" before blasting Greenspan about margin LOL. Those who throw stones....