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

To: gronieel who wrote (41600)	12/24/2008 5:36:21 PM
From: Kirk ©	1 Recommendation Read Replies (2) \| Respond to of 42834

Hey Bozo... You wonder why the people here get mad at me for calling names but they give you free run to call me names with thinly veiled innuendo..... I think we all know the answer but they are afraid to say. To answer your post: Did you want me to post a whole book on the subject for your benefit? Obviously the bonds were not YET called away or he would not have them. Duh.... The bonds will be called away before maturity and he will "probably (anything can happen) have to reinvest the money at a lower rate. Only an idiot (which is possible with CA government) would call a bond in the future and pre pay interest when rates are up. One of the reasons he got a higher rate in the first place for these bonds is they are callable. It is a risk. IF Brinker bought these "prerefunded" GO bonds recently for the tax benefit, that is fine. Some of them don't pay off until a year from now so he has a good rate for a year. But that is NOT the bonds he recommended on the radio and I believe the rate is lower than when he recommended them due to the early call. His answer would be like recommending TEFQX to his audience, getting a call about the recommendatino then telling the caller he can't answer her question because he now owns gold. IT is a TOTALLY DIFFERENT investment! A SLIMY answer I stand by what I said that Brinker was evasive and should have answered the ladies question about the advice he gave to buy CA GO bonds. Saying he had some special sub set that were now "pre refunded" was a slimy spin away from his advice to buy the CA GO bonds in the first place.