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


To: queenleah who wrote (1613)10/15/2007 1:00:32 AM
From: davidk555Read Replies (1) | Respond to of 2121
 
Queen, doesn't it disturb you that the bulletin was undated? How about that there was no price listed? How about how he kept recommending it month after month, and then ultimately stopped talking about it. Do any of these bother you? Just curious.



To: queenleah who wrote (1613)10/15/2007 1:49:47 AM
From: Kirk ©Respond to of 2121
 
He is an advisor that gave a "free toke of the crack pipe" also known as a "free trade on the radio" with the QQQs in the summer of 2000 BEFORE he gave the bulletin to his subscribers. This got retired people to follow him as an experience trader. They were confident in him because he told them "the most important thing in a bear market is to preserve capital." This did not fit trading for a major loss hence the need to cover it up.

Remember this was after he spent a good part of the 1990's implying he was a great trader. How often did he call Intel "a great trading stock?"

So... the "best trading advice" would have been advice that was profitable. For the QQQs, that would have been going short rather than buying then pretending to new subscribers it was a new buy in early 2001... and then doing it again in March 2003 by not telling any new subscribers that he blew it in 2000.


I don't believe Brinker has ever advised his subscribers to short the market on anything.


I believe you are correct but I didn't say he did. What I said was he TOLD his subscribers in the late 1990s to get ready to go short. He told people on the radio he would not be in the market if his timing model gave a sell signal because "when they back up the truck at the house of ill repute, even the piano player goes." I believe he also told the radio audience he might go short... but that I can't say for sure.