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

To: Math Junkie who wrote (24647)	8/30/2006 1:43:52 PM
From: stockalot	Read Replies (1) \| Respond to of 42834

"So you're saying Brimelow misquoted him? How do you know this?" Yes, because the guy, retired in Prescott doesn't participate in the Brinker wars, seems to have told the same story forever and Brimelow is not familiar with the singular and flakey way Brinker bases amounts to be invested on "stock market cash reserves". If you think Retired in Prescott lied, so be it. You claimed the same thing on the library flap. Anything that reflects poorly on Brinker seems to cause you to claim someone is lying about the charlatan. You could be right but you have nothing to base that on. "50% of anything was for subscribers with aggressive objectives. Brinker had been VERY CONSISTENT about recommending that retired people invest conservatively. For example, the advice that his balanced portfolio was the one that was suitable for people in or near retirement was in EVERY ISSUE." Duh, Earth to Math--you were there in the midst of the cult of Brinker fanatics and when Bob himself was posting under his alias. It was early 2000 that I found Brinker's site. On his site very long retired people were yammering about B2B--it was the most popular thread on his site other than the general discussion forum. On this site Junior was talking about his huge "trading profits" and his being enamored with B2B. As proof of Junior posting as himself I gave you the exchange where Justa was trying to slow the Brinkers down in their zeal to push the "b2b space" and Justa rightfully told Junior that they were creating a liability for themselves with the hype and no caution. As you also know many of the idiots following Bob brinker were begging him to do another QQQ trade. On all of the Brinker sites there were syncophants claiming that "Bob had it just right in the counter trend rally in the summer and it was the radio's fault--the specialists ruined the trade". Brinker talked like he knew exactly what was going to happen and when it was going to happen (always has whether right or wrong--that's the problem). He also claimed he had a special expertise where techonolgy companies were concerned (total BS as anyone knows by now). So yes although giving lip service to more traditional conservative investing, Brinker was a gambler and often encouraged that from others who trusted him and should not have. Some examples--the "radio trade". Brinker said emphatically when he announced his purchase of the QQQQs AFTER THE FACT at 74.00 on tuesday of the week before his show--"Do not enter this trade until the QQQs are in the low 70s and this trade will generate gains of 25% or more in the next 3 months." So the Tuesday after memorial day had many of your fellow Brinker pack members lining up to "bet along with bob". They were getting QQQs in the 80s as I recall. The QQQs never went under 80 the rest of the trade. The next weekend Brinker bragging about his trade took call after call. One of the first callers said "I bought the Qs on Tuesday Bob at .... 80 something....thank you Bob etc." So this guy had done exactly what Brinker had said NOT TO DO. Instead of sticking with his conservative "Don't chase these and wait until they are in the low 70s before buying" the guru Brinker that you claim is consistant in his approach to goober and geezers investors said in response to a caller who questioned his statement about "not chasing": "Well Clem here "did the Math" . He knows that if I get 25% from the QQQQs at 74, he will get 15% if they reach 100 and that's pretty good for a 8 to 12 week counter trend rally trade. Yesir Clem just 'did the math". Brinker never again said a word about waiting for the Qs to come down and enjoyed that all of those mid-eighty Q"math junkies" <G> were playing along. So you see Math, that consistancy you claim is not based on Brinker's actions or sanctioned actions. A further example of total INCONSISTANCY can be given by his claim regarding these exact same counter trend rally calls. The RAdio trade was to last 2-3 months-generate gains in excess of 20% and then "roll over" . Actually the QQQs went over 100 --Brinker said "don't sell, my selling discipline is too difficult to explain on the radio so I will give the sell signal on the radio". The QQQs took a swan dive and Brinker came on the next weekend with the QQQs hanging back in the mid 80s (some "doing the math" were already underwater). Brinker in a panic said "Sell at 84, sell at 84. THE MOST IMPORTANT THING IN A BEAR MARKET IS CAPITAL PRESERVATION. The trade is over" Now in October 2000 Brinker tried the countertrend rally experiment with his cadre of goober and geezer guinea pigs again. We know this time he gave specific amounts that I would characterize as very major % of portfolios. He again told people he would guide them. Now remember there was no stop, no discussion of suitability or risk, not even a price or a date. but there was great hype about the "opportunity" and "20% or more gains in two to four months" . "ACT IMMEDIATELY" was the parting urgent advice. Now here Brinker who had said . "THE MOST IMPORTANT THING IN A BEAR MARKET IS CAPITAL PRESERVATION" to end exactly the same trade in the same security with similar promises ---took a TOTALLY OPPOSITE APPROACH. He held on watching the CAPITAL ERODE about 80%. So you could say that all of these people are stupid because Bob brinker told them that the "most important thing in a bear market was capital preservation"--but Brinker HIMSELF encouraged people month after month after month to 'hang on" as their capital dropped by 80% of it's initial value. Brinker is inconsistant, expedient and slick. A typical charlatan. You cannot blame people who take his advice on the basis of "Brinker always says:"--totally bogus and you should know it having posted with him here for years and watch him lie and weasle.