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

To: Kirk © who wrote (33859)	10/20/2007 6:49:54 PM
From: octavian	Read Replies (1) \| Respond to of 42834

kirk said: <<I have open in front of me his Nov. 1993 newsletter where he lists MSFT as a BUY AND he says quite clearly "specific stock positions should be limited to 4% or less of an equity portfolio.." THAT is a DIRECT QUOTE from 1993. Maybe he made this radio advice after the fact like when he told his subscribers this summer that the secular bear market that never was ended a year earlier.>> --No, he didn't make the recommendation after the fact. I'm pretty sure it was in 1996 or '97. But Microsoft had already gone up a lot, and people were calling wondering what to do. He told several different callers it was OK to let Microsoft ride, as long as their cost basis was not over 4%. I don't care what he said in a 1993 newsletter. Apparently he changed his mind, at least as regards Microsoft. Later, maybe 1998, maybe even early '99, he started recommending that people who held Microsoft should begin paring it back to 4% of total portfolio, rather than using the cost basis. I know you want to belittle every good call Brinker has ever made, and exaggerate every bad one, but 'them's the facts' on Microsoft.