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

To: Kirk © who wrote (16928)	10/23/2002 1:07:40 AM
From: davidk555	Read Replies (3) \| Respond to of 42834

Kirk, you are correct. For several weeks following the QQQ recommendation, Bob Brinker suggested that people go read his Marketimer in the library if they were interested in his short term trading outlook. Not too long after the QQQ trade went sour, Marketimer was discontinued to public libraries. I verified that with three libraries in my area. As to the reasons why Bob didn't discuss QQQ on the radio? He has offered different reasons at different times. In the radio broadcast immediately following the "Act Immediately" bulletin, his reason was that he could "move markets." I am not sure why he wouldn't have wanted to "move markets" in January, 2001 when he recommended the QQQ purchase for the second time after it had fallen quite precipitously! Here is an excerpt of my newsletter from the Moneytalk broadcasts following the Act Immediately bulletin in October, 2000 Excerpt from David Korn's Stock Market Commentary, Interpretation of Moneytalk (Bob Brinker Host), Financial Education, Helpful Links, Guest Editorials and Special Alert E-mail Service. October 21-22, 2000 Edition (NOTE: Calendar Year 2000) Caller: Right out the gate, the very first caller asked Bob about the Marketimer Bulletin he just received. The caller asked whether he should "act immediately" and purchase the QQQ shares Monday morning. Bob deflected answering the question saying that he would give follow up advice on that purchase in his November Marketimer newsletter and wasn't going to recommend it to his radio audience. The caller pressed Bob as to whether he should purchase the QQQs on Monday, but Bob said if he had questions, he should call the Marketimer office on Monday morning. EC: As a refresher, QQQ shares represent the collective performance of all companies in the Nasdaq 100 Index. It works like an index fund, but trades like a stock which you can buy and sell anytime. You can also use limit orders, stop-limit orders. You can even short it and margin it. More from the Nasdaq site on QQQ if you are interested: nasdaq.com Brinker Comment: On both Saturday and Sunday's show, Bob commented on why he wasn't sharing the latest QQQ counter-trend rally trade advice on the Radio broadcast. Bob referenced his prior counter-trend rally call in the QQQs which he made in May. In looking back over that recommendation, Bob has concluded that due to his world-wide listening audience (5-7 million listeners), Bob can have a "significant impact on the market" by making a recommendation on the air. Bob noted that when he recommended the QQQ shares back during the May 27-28th weekend, the QQQ shares had a material "gap" to the upside when they started trading (Tuesday after memorial day). In addition to the gap up, Bob felt that the QQQ going down to $84 (where he recommended to sell at the market), only to rise back up immediately, was further evidence of Bob's influence on the market. EC: During Bob's last recommendation of the QQQs, I provided links to articles written by James Cramer of thestreet.com where he mentioned Brinker's recommendation. Bob actually read from one of those articles on Sunday's show to further buttress his belief that he can move the markets through recommendations on the radio. Here is a link to that article: thestreet.com - David Korn, editor of begininvesting.com

To: Kirk © who wrote (16928)	10/23/2002 8:05:03 AM
From: Math Junkie	Respond to of 42834

As you and David have confirmed, people had to go to the newsletter to get the money-losing QQQ recommendation.

To: Kirk © who wrote (16928)	10/23/2002 9:54:07 PM
From: geode00	Respond to of 42834

Didn't he advise people to go to the Library to read the details of the QQQ advice? Hmmmm, do you think this is why his "publisher" pulled the plug on the library subscriptions? He no longer wanted to inflict suffering on freeloading reaaders? I guess you had to pay the $185/year in order to get your portfolio punched in the face. Yet another illustration of how much worse you can do when you follow his advice very closely. I've noticed that some of the other self-proclaimed "gurus" have this problem as well. They may be able to see the larger trends at times but their actual money management advice sends them off the cliff. Human psychology is very odd at times.