SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (23578)8/13/2006 12:15:25 PM
From: Honey_Bee  Read Replies (1) | Respond to of 42834
 
Amazing that Bob Brinker would be so duplicitous as to advertise that he made only three major calls since 1991. How can he not include trades that he repeatedly wrote about in Marketimer--sometimes devoting two pages to them--trades for which he recommended use of "model portfolio" money.

Message 22712328

He not only made the October 2000 trade and touted it in several Marketimers, as it went against him, he moved the timeline several times and actually gave a whole new timeline as of January 3, 2001. Only in March 2001 did Brinker finally admit that he had been "wrong" in his two earlier trades, but he still recommended holding "for recovery."
.

1) October 2000: "Act Immediately" Bulletin sent. (See link above for original bulliten.)

2) November 2000 Marketimer: Brinker said: "In sum, subscribers can use a portion of their 65% stock market cash reserve position in order to purchase QQQ shares OR Rydex OTC Fund....." (These cash reserves were raised from the January 2000, 60% "model portfolio" sell signal.)

3) December 2000: Brinker again spent the first page and a half touting his October "countertrend rally" that "has the potential to carry the Nasdaq indexes as much as 40% to 50% above their late-November closing levels over the next three to six months." (Target price $90)

4) January 2001: Brinker again predicted a "bear market rally" with the "largest gains to occur in the more volatile and deeply oversold Nasdaq 100 Index." Again, he reiterated that he viewed short-term price weakness in the QQQs in the mid-2000s as good buying opportunities. He used up about another page and a half selling this trade. He went into a long detailed explanation--listing five reasons why, in his opinion, this was sure to happen.

5) Now we are up to February 2001, just 3 1/2 months after the "Act Immediately" bulletin. We see that Bob Brinker’s Marketimer moves the timeline for the “bear market rally.” He listed January 3, 2001 as the turning point, basing this latest decision on the “principal factors” that he had outlined in the January 2001 issue.

He stated that the “bear market rally” had commenced and he expected the timeline to be “three to six months as measured from the starting point Jan 3.” The price target for this six month “bear market rally” was stated like this: “In terms of Nasdaq 100 shares, our expectation of a target range in the 80 to 90 range remains intact. We believe this remains an achievable objective into the second quarter.”

In this February 2001 issue of Marketimer, Brinker now seems to start distancing himself from the October, November and December 2000 “buy QQQQ” advice, and especially from the October Bulletin--now claiming that the "bear market rally" commenced in January. And he take an entirely different tack, while attempting to explain what happened to the market in retrospect. He laid out a whole new “big picture view” on the Nasdaq.

6) March 7, 2001, Marketimer begins with Brinker admitting that "we were wrong in our earlier expectations that a countertrend rally would develop late last year...." He then admits that even his call for a new bear market rally beginning on January 3 "was unable to sustain upward progress in February."

Here is the March 2001 Marketimer prediction: "In our view, the probablilities favor a three to six month bear market rally phase beginning shortly. Such a rally has the potential to carry the Nasdaq composite Index above the 3000 level by spring or summer as measured from the closing lows." (2117.63 as of March 2)

7) Here is what Bob Brinker had to say to subscribers in the April 6, 2001 Marketimer--Page 2; Paragraph 5: "Recent weakness in the Nasdaq 100 Index (QQQ) shares has far exceeded our expectations. However, we believe subscribers holding a position in these shares will eventually be rewarded, although this holding will require both time and patience. With or without a buy signal from our long-term model, we expect the Nasdaq Composite and Nasdaq 100 Index to stage a significant recovery over the next several months."

8) May 7, 2001 Marketimer: "As we stated last month, 'with or without a buy signal from our long-term model, we expect the Nasdaq Composite and Nasdaq 100 Index to stage a significant recovery over the next several months.'"

9) June 2001 Marketimer: About the Nasdaq 100 Index (QQQ) shares, Brinker said: "....we recommend holding these shares for future recovery within our earlier percentage guidelines."

10) July 2001: "We also recommend subscribers with a position in Nasdaq 100 (QQQ) shares hold for price recovery within our earlier percentage guidelines."

11) By the time August 2001 rolled around Brinker had now recommended that suscribers with a "position in Nasdaq 100 (QQQ) shares hold for recovery, although patience will continue to be required in the difficult market environment we are experiencing" QQQs were about $43...

investment.suite101.com
.
August 13, 2006, QQQQ $36.53--OUCH!
.
Poor Bob Brinker, those pesky Q's just keep biting him in the arse, and he keeps digging them into the sand, just like my cats do.
.



To: Kirk © who wrote (23578)8/13/2006 12:43:44 PM
From: shres  Read Replies (1) | Respond to of 42834
 
Man, if that ain't nothin' but a pure spam ad for some penny ante newsletter I don't know what is. Two links no less. I never click on links from you of course.

Hey Kirk I really like this statement....

"...some are jealous of some of the ideas we tried at Suite101 to make money such as Pal Pal donations and getting paid to read advertisements. Who’d have thought such fun ideas would cause such angst for a handful?..."

Golly yes, those WERE fun ideas weren't they? I remember fondly the many (one or more right Kirk?) posters gleefully posting how much fun they had donating to Kirk via his personal PayPal Beggar Button.

And the multi-level email ad reading scheme where you may be able to pick up a penny or two reading ads was just a hoot. I remember the group in chat was busy one weekend seeing how many ads they could read while listening to Bob Brinker. I guess they didn't realize at the time that YOU were also getting a penny for each ad THEY read. You rascal you, it's not nice fooling your friends that way.

You should have a whole thread just devoted to testimonials from folks who had a grand time contributing pennies to your pandering ideas. "A Penny For Kirk" has a certain ring to it don't ya think?

And BTW, Kirk you constantly harp on what a lousy index the QQQQ is. Designed to be shorted you yell.

So why do you use that as your "benchmark" index Kirk? Don't give me blather about beta and nonsense such as that.

A benchmark index is supposed to represent a peer group similar to the portfolio measured. Not some index cherry picked simply to be beaten.