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


To: fahrenheit451 who wrote (23807)8/17/2006 6:06:43 PM
From: shres  Respond to of 42834
 
"...I agree with you and others that the folks who invested in the QQQ's based on the newsletter don't have a case. I wonder if the people who invested in the BJ group might have legal recourse..." wonders Fahre.

Legal recourse for what? Clients of the BJ Group have suffered no loss following Brinker's advice and in fact are better off than had they done nothing at all, i.e. just rode the bear market down.

It has been amply proven that even with the ill-fated QQQ trade Brinker followers sidestepped the bear and were better off than if they had simply sat there and chirped "early innings".

As you probably know, clients of the BJ Group have given discretionary control of their accounts based on their individual risk tolerances and other financial considerations. Although there is no way of knowing, I would suspect that the average BJ Client is relative conservative as evidenced by the fact that they are Brinker fans and have trusted Brinker/Jacobs to manage their portfolios.

Even so, their exposure if any, to the QQQs would have been limited to the MAXIMUM indicated in the optional trade and accordingly their performance would have been even better than the buy and hoper.

In other words, they couldn't have greedily hopped on that QQQ trade like the whiners who are now complaining the loudest.

It has been about six years now since that QQQ trade and not a SINGLE lawsuit has been filed against the BJ Group, Brinker nor Jacobs. The reason is that nobody was harmed and in fact, were helped by the Brinker Group guidance.