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


To: joefromspringfield who wrote (1604)10/14/2007 8:42:35 PM
From: lifeisgoodRead Replies (1) | Respond to of 2121
 
Yes, Brinker did have a stop loss on his earlier QQQQ buy which, if memory serves me correctly, was around 84, and was hit, causing Brinker's buyers to sell at a loss. The QQQQ promptly shot up afterwards, thereby causing consternation among the Brinker crowd.

This likely explains the absence of a subsequent stop loss target on Brinker's "act immediately" recommendation (which wasn't "up to 30% of cash reserves" as posted previously. It was "up to 50%.")

best...

LIG