To: wooden ships who wrote (4500 ) 4/7/1998 11:11:00 AM From: Justa Werkenstiff Read Replies (6) | Respond to of 42834
Truman: Oh no, another trip to the dictionary for me after reading your post <g>. You raise some good questions and good points. In a way, Brinker is partially responsible for the current situation. First and foremost, he is a victim of his own success. He has been correct in his analysis of the market for years. While others were selling, he was fully invested; while others were shaken by market corrections, Brinker was buying. On the other hand, Brinker takes credit in a showman like way (Brinker is entertainment in part) on the radio either by himself or through callers (for example, "how did you get to be so smart..." is actually Brinker's means to get callers to say that he was responsible for their good fortune but presupposes that the caller was less than intelligent to begin with) which causes some listeners to conclude that Brinker is arrogant and thinks he can do no wrong. Oh sure he says he has no "crystal ball" and just does the best he can but one overriding message in the show is that Brinker has been right and is right and will continue to be right in his analysis of the market. Some people don't like that message for whatever reason. Maybe their view is motivated by being in cash and viewing the market run from the sidelines. Maybe they missed a buying opportunity and are kicking themselves. Maybe they think Brinker has harmed them personally at some time in the past. Maybe they just plain think Brinker is arrogant guy who thinks he can do no wrong. Who knows. But one thing is clear: one goal in these listeners' lives is to knock Brinker down to the level of mortal market commentator. In this respect, UTEK is the latest conduit for these sentiments. Most notably in this camp are the ones who know next to nothing about UTEK and who claim not to own or have ever owned one share. We will call them Truman Class B holders as alluded to in your post <g>. Here is the opportunity they think to take Brinker down a notch. We will put Rillinois in this bunch. Then we have the Truman Class A holders who include those who went over the 4% guideline or are disappointed shareholders for whatever reason. Perhaps they do not even know what they own. Maybe they bought it on a hunch from Brinker's NBR appearance only. So in this group we have caller Jerry who was beaten before he even opened his mouth. Why? His premise was to argue that UTEK was not a good stock selection because it was down from a claimed recommended purchase price of $25 at some unspecified time (I believe) to a Friday close of $22.75. Given that premise, Jerry had adopted a losing argument at the outset that lead Brinker to conclude that Jerry wanted an instant double and would not be satisfied with anything less than instant gratification. Oh, don't get me wrong. Brinker has made some short term mistakes in his analysis of UTEK. So have most of the analysts who follow this sector for that matter. But Jerry's argument totally missed the mark as stated above with his interjections of "spin" claims. Now there are many on this thread who probably would like me to make the argument that Brinker has made mistakes with his UTEK analysis. You will understand why I have not said anything on the topic after they read the next paragraph. There are those who want Brinker to step forward and take responsibility for any error with respect to UTEK despite Jerry's poor attempt. But Rillinois is the poster child for Brinker's view (I believe) that one should make absolutely no concessions wherever possible. This is Brinker the former college debate coach at work. Nobody has looked at their needs for a Brinker admission to error while standing in Brinker's shoes. They beg for that admission from the viewpoint of a listener and not as a radio talk show host. Most would be forgiving of any Brinker error because they realize he is the best resource the average person could ever hope to have today. In his Rochester appearance, there were over 800 people that came from all over the country to thank him. Nobody chased him form the stage because they were wronged and nobody came up to him after his appearance except to thank him and to seek his advice. But there are others who happen to be the vocal minority that want the Brinker admission for their own selfish reasons and it is to these people that Brinker has made it a policy of no concessions IMHO and the rest of us will just have to live with this approach no matter how distasteful we may find it to be from time to time. Rillinois and the like do not plan to look at Brinker's overall service to the individual investor in relationship to any error. No way. They want to drive that error home at every opportunity and blow it way out of proportion. Of course, they will take any admission out of context like Rillinois and aim to drive Brinker from the radio. Perhaps they think that if they can't enjoy any profits, then nobody will either if Brinker packs his bags. As don lane says, Brinker does not need or deserve this treatment from the likes of Jerry or Rillinois. He is right on this point. Now maybe everyone on this thread understands why I made such a big deal about Rillinois when he first showed up here on this thread. Perhaps the next time he or his followers appear, more people will step up to the plate and take them on when necessary because if you do not he and his followers may be the catalyst that takes away from you what you find so sacred in your lives.