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


To: sat2000 who wrote (16603)8/24/2002 1:29:20 PM
From: Math Junkie  Respond to of 42834
 
Yes, the November 2000 issue recommended buying QQQ in the low-to-mid 70's.

It's interesting that geode likes to talk about Brinker "resetting" the trade in January 2001, which I disagree with, because when he changed his target price he acknowledged that it was lower than his previous target. In November of 2000, however, I do think that he "reset" the trade. QQQ averaged 81-82 during the week that most people received the bulletin, and Brinker set a lower buying range in the newsletter without acknowledging that it was higher when people received the bulletin.

In spite of these difficulties, that issue of the newsletter (and every issue) clearly showed that the model portfolios contained no QQQ shares.

There is however, a legitimate issue with regard to quantifying the effect of entering QQQ the week of October 16th and exiting the week of November 6th. Brimelow doesn't say what entry end exit prices Hulbert used when he "sold" QQQ. Does anyone know?