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Strategies & Market Trends : Bob Brinker, Moneytalk and Marketimer -- Ignore unavailable to you. Want to Upgrade?

To: dick_from_chgoo who wrote (1584)	10/14/2007 3:05:32 PM
From: davidk555	Read Replies (1) \| Respond to of 2121

I think it goes without saying that all recommendations to Marketimer subscribers are optional. Nobody is forcing a gun to the heads of subscribers. But that doesn't mean the advice and follow up (or lack thereof) should not be discussed. Moreover,for investors who were folloiwng the recommendation of the BJ group (Bob Brinker advisory's group) later sold to GE Capital, they were automatically placed into the QQQQ trade. So for them, I don't think there was an option "if interested" given. As for the stop loss, I don't think it had to be a given number. I think Bob could have said that if the trade did not work out, subscribers should consider setting a stop loss at a percentage they were comfortable with. I think there is a point to be made about a stop loss not being included for fear of market makers taking it out, but according to my friend who is a long term market maker, it woud have to be at a level relatively close to current price for it to be "taken out". Notwithstanding that issue, he could have set a stop loss at any time after that or simply sold at a loss. As for the remaining posts responding to my post, nobody addressed the most important factor of all -- the character issue; how Bob handled the trade (now long term investment) in the aftermath. That in my opinion is the why it upset so many people and still does to this day. - David Korn (click on my profile to learn about me).