Honey's Brinker Beehive--Not a Fan Club: Can or Does Brinker Time the Market?

» honeyoneohone - Can or Does Brinker Time the Market?

.
A friend asks Will about Brinker's Saturday show--Brinker gets confused and then angry:

"Did you catch the call from Bob in Mansfield Ohio. His second question was how to protect a large position in one stock in his 401k. Bob first told him to sell calls then he realized he should have said puts. Bob said sell puts. I am sure the average goober who listens can't explain a put from a call and if you listen to what Bob was saying he barely understands it himself.

Then there was Lisa. She must work in real state. She tried to make Bob aware of a recent change in the law that would allow an earlier caller to do the tax free property exchange that Bob told him couldn't be done. Bob really gets mad when someone corrects him. It is fun to watch."

Here is Will's answer:

"No, I didn't hear much other than the caller he was telling that he didn't believe in short term marketiming, but was real sure he could do the long term marketiming.

It was funny the other day when we were talking about Brinker's comments in the newsletter more than a year and a half after his January 2000 "tactical asset allocation" call. You could see that in Brinker's silly ramblings he didn't have a clue what the market was going to do. Month after month he was calling for a great move up of the entire market and then he would sell out of the QQQQS (remember he still had some in the market by 2/3 and everyone that followed his advice between 1/3 and 2/3).

He had all kinds of verbage trying to snow the goobers and geezers. He tried in those newsletters to twist his QQQQ call and extend it. Obviously what he was doing is [“BS”]ing and hoping. Brinker like a gambler who just can't believe he's wrong on a superbowl bet was down by 3 touchdowns with 5 minutes to play and in his mythical egocentric world, he declared "overtime". Another analogy would be as his horse was approaching the finish line in a race dead last-tell those who bought his prediction of a win--"keep going another mile or 3".

Brinker can't stand losing. Brinker seldom takes a position unless forced to do so. He wants it unclear when he moves the goal posts, goes into overtime, or pushes back the finish line. Clear concise language and precise calls are not conducive to spin. Brinker depends on spin and [“BS”] to sell his rag.

When he is caught spinning or [“BS”]ing, he gets very angry. It's fun to think of those veins popping out the wrinkles in that long past his prime neck as he spits into the microphone to someone who dares set him straight. It's the same vision one imagined when Bob Brinker was posting as Don Lane banging those keys and spewing his venom and lying about himself. The only better picture I'd guess is when he has those huge bets at all those casinos that he brags he has to go to and his team loses. Damn that would be fun to watch!!"

[ Kirk's Editor Comment: “BS” used to replace original word not suitable for our audience. ]

-- posted by honeyoneohone