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

To: Tim Bagwell who wrote (16750)	9/19/2002 2:03:01 PM
From: Kirk ©	Read Replies (1) \| Respond to of 42834

"I just have a hard time believing that he was dumb enough to hold the Q's all the way down in his own account. " Hard to say. I seldom sell a company I like for the long term just because it drops in the short term. I buy many companies that often move 5 or 10x over their business cycle and my goal is to try to buy some when low and sell a few shares near a top but I often miss the top by 50% just as I usually miss the bottoms by a wide mark. Still, if you buy low and sell high this way, you do build up shares over the years. Selling on weakness will kill this strategy unless your company goes bankrupt or does a Lucent bubble deflation, then anything you get is good. It seems Brinker is the same as he didn't say he sold Lucent, just he "gave up on it." He didn't say to sell VOD or MSFT near their peaks and they are now off over 67%. Now I like MSFT for the long term so I fully agree with Bob for not selling msft on weakness as I think it will rise again, but I could be wrong... The odd thing, and the one that really discredits him in my opinion, is that he bought something he KNEW was over valued and he KNEW was going lower in the long term, and yet he still refused to have a stop loss and he actually encouraged new subscribers to buy QQQ again in January 2001 in the $60's. It is like "well, I got tails on that coin flip but I can make it all back on this next coin flip." Many of us have been critical of Brinker mostly for how he doesn't report all of his advice in his record. We all make major mistakes but it is usually about being wrong on a stock we like that we should have shorted, or even the other way around. This buying something he didn't like long term, going against the grain and not using stops was just reckless or crazy according to good traders I have spoken to. One lawyer friend says he believes Brinker doesn't talk of it because it would only incriminate him if people decided to go after him for giving inappropriate advice. Kirk

To: Tim Bagwell who wrote (16750)	9/19/2002 3:03:08 PM
From: lifeisgood	Read Replies (1) \| Respond to of 42834

I'd like to know what Bob did with his personal money. What do you think? Did he even buy the QQQ trade? Does he still hold it like he recommends to others? I would say yes. I would further propose that precisely because he did indeed invest heavily in his own recommendation, he was frozen by fear. This deer in the headlights posture is deadly and must be unlearned if anyone is ever to become a seasoned trader. best... LIG