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


To: dijaexyahoo who wrote (23012)8/3/2006 8:41:10 PM
From: davidk555  Read Replies (2) | Respond to of 42834
 
Dijaexhyahoo, I regret to advise you that I didn't take a specific poll with those questions each time a subscriber of mine (many of whom are also subscribers to Marketimer) exchanged e-mails with me. You have to realize that this QQQQ recommendation begain in October 2000 and so I have almost 6 years of e-mails from subscribers on that issue among others. I have over 30,000 e-mails in my sent box and it would take me literally weeks to figure out an approximate answer to each of your questions.

I am happy, however, to offer some guesses. Before I do though, it seems you have completely missed the point of my post which was really was to point out and address the lack of what I perceive as guidance Brinker has given on this issue -- particularly as it related to the caller on Moneytalk. Your question and the others about the number of my subscribers seems to avoid that issue. But I can offer my opinion based on my recollection of communication with my subscribers.

First, for the most part I think people who followed Bob's advice on the QQQQ followed it pretty close to the letter. There were definitely many aggressive investors (Portfolio I types) who invested 50% of their cash reserves into the QQQQ. There were also conservative investors (Portfolio III types) who limited it to 20%. And of course, there were all of those in between. For those who invested more than 50% of their cash reserves, that is of their own fault and certainly no fault of Bob Brinker who was clear on the guidance of what percentage of CASH RESERVES raised from his prior timing call should be used.

Something important to recognize is that there was a lot of pent up demand for another QQQQ trade that was for "subscribers only" of Marketimer, following the first QQQQ trade that was given to the radio audience. I had printed out most of the posts from bobbrinker.com during that time frame (because unfortunately a lot of them on one thread were about me) and you might recall how much excitement there was about this trade at the time it was given.

Also, Bob used the next few newsletter to reiterate the trade with enthusiasm. Do you remember Aaron Task of theStreet.com writing an article about Bob's January 2001 newsletter where Task took Brinker to task on basically recommended the trade as if he were making it for the first time? Given Bob's very good tactical asset allocation call based on the S&P 500's close on December 31, 1999 (later modified slightly in August 2000), there were many people that had faith in Bob's timing ability and so decided the QQQQ was the right move. It also came on the heels of the radio QQQQ, and was the product of the first "bulletin" where Bob didn't hesitate to tell his subscribers to "Act Immediately."

As for how many blame Brinker for their losses, I think people who follow Bob's recommendation should give him credit if a recommendation he made that is followed to the letter is profitable, but certainly are right to criticize him if a recommendation he makes doesn't pan out. Bob shouldn't be given a free pass for his bad recommendation, and only celebrated for his good recommendations, despite how he might like that to appear on the radio. Sure, its up to everyone to make their own investment decisions, but this is a message board that is supposed to be devoted toward Bob Brinker so I would think examination of his good and bad calls, and how he handles each are relevant.

Trying to figure out exactly how many people did what with respect to the QQQQ recommendation doesn't make the advice better or worse. The advice stands on its own, as does the follow up guidance. That, I hope, was fully evident from my post.

One final thing I would like to say to you personally. You don't need to make snide comments to me like "I will be shocked if you answer." I am happy to provide answers when I can and have accurate information. You have e-mailed me several times privately in the past and I have always accommodated your requests for information. - David Korn