Honey's Brinker Beehive--Not a Fan Club

Top 7. Oct 3, 2005 8:06 AM

» honeyoneohone - Can or Does Brinker Time the Market?

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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

Top 8. Oct 3, 2005 8:33 AM

» honeyoneohone - Why Did Brinker Stop Discussing the Market for Years?

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A rather comprehensive five years of Brinker history by Will L:

"Brinker as you know "since 2000" has removed first 60% and then another 5% from the market and at no time in doing so did he claim there was even a bear market coming, let alone the worst bear since the depression. Prior to 2000 Brinker claimed repeatedly that only a fool would have any money in the market when there was a bear coming and that he would be totally 100% out of the market. Only in retrospect has he claimed he was calling for a bear market at the time of his "tactical asset allocation"--at the time he wanted it both ways--typical Brinker [“BS”].
A little later in 2000 brinker urged all subscribers to place a a big BET (using your "winning streak" hubris) on the QQQQs, the most volatile and overvalued section of the market. In fact the Qs were the only area that had not already seriously corrected. He jumped into the Qs in the 80s and rode them all the way down to 19.
Brinker hid from any discussion of the stock market for the next two years. In 2003 re-entered the market with the remainder of the funds not pummeled in the bear market or lost on the worst short term timing idea in history. It was such an easy call that I predicted it months before he did it and posted a note on 101 urging those silly enough to want to know, that his call was imminent about 24 hrs prior to him making it.
So I love the analogy of a "winning streak" to promote Bob Brinker. It is indeed fitting. In the end like any gambler you are most likley going to be ruined financially, but ah the streak, that's what it is all about.
Even during "the streak"--one has to hide a call and reshape another to make it look good. Typical gambler hype...forget the losses and trumpet the wins. The good thing is that these days from the types that say they subscribe, they are risking hundreds to a few thousand dollars, not the tens or hundreds of thousands the more affluent and market savvy(so they thought) who followed Brinker's BS in his hayday."

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

-- posted by honeyoneohone

Top 9. Oct 3, 2005 1:10 PM

» pete2214 - Re: Why Did Brinker Stop Discussing the Market for Years?

In response to Why Did Brinker Stop Discussing the Market for Years? posted by honeyoneohone:

Good thread!!

Well, everytime I listen to bob he seems like he only states the obvious besides current events, politics and sports. I don't think he shares anything new since he thinks the listening public are moochers.

-- posted by pete2214

http://www.siliconinvestor.com/stocktalk...

Top 10. Oct 3, 2005 1:27 PM

» honeyoneohone - Thanks, Pete2214

In response to Re: Why Did Brinker Stop Discussing the Market for Years? posted by pete2214:

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Thank you for your comments.

You are quite correct that Brinker thinks that the public are "moochers." He made this quite clear when he called his radio listeners "freeloaders" in a post he made as "donlane" --later changed to "mistertopes" when his true identity was exposed on another thread here. And notice how he speaks of his peers with utter contempt.

Here is what he wrote:

To:Boca_PETE who wrote (3395)
From: mister topes Sunday, Feb 15, 1998 10:50 PM
View Replies (2) | Respond to of 20900
Your comments are salient to say the least. Last year I counted the weekends I was forced to endure the likes of William, the Earl of Boredom, Flanagan and Neale, Did You Buy My Latest Book, Godfrey, and the Motley, Greater than all, Fools. It came to a grand total of nine weekends without The Brink's on air presence. Assuming his new contract includes nine or ten weekends off, I would say the odds of him being on vacation during a sell signal are very good to excellent. Wouldn't it be neat to see Brinker issue a sell signal while on vacation from radio, have his subscribers sellout at or near the top, and then see the market collapse with all the radio freeloaders left to fend for themselves when he returns only to tell them the horse is out of the barn and they are on their own! Would not surprise me in the least. Poetic justice!

Here are the links to the three archives of all the "donlane-mistertopes" posts.

http://www.suite101.com/discussion.cfm/i...

-- posted by honeyoneohone

Top 11. Oct 3, 2005 2:13 PM

» SteveT - Congratulations!

In response to An Archive For Brinker's Critics posted by honeyoneohone:

My dear friend Honey congratulations on your new thread! I must give brinker credit for making me believe that I could be my own money manager, but I out grew his advice long ago. These days I do get fired up listening to Dave Ramsey. He really tries to help people change their life from what isn’t working to something that will work.

Old bob brinker reminds of what Dave said about Carleton Sheets. Sheets probably has made 1% of his net worth buying and selling real estate and 99% selling tapes. Did you notice brinker’s three portfolios have a value of more or less $200K after 15- 17 years? At the peak on the stock market bubble I seem to recall a poster estimating brinker’s newsletter income in excess of $30M per year! Yet his biggest portfolio as of the end of August 2005 has only $231,673. Could it be that bob is not such a risk taker with his own money? smile

BTW did you hear Dave Ramsey today? That story about the 1952 cat ranch was a hoot. None of it was true but I thought it was a very good illustration of how easily John Q. Public can allow the wool to be pulled over their eyes when they think they can make an easy buck.

-- posted by SteveT

Top 12. Oct 3, 2005 2:18 PM

» reporter20 - Re: Re: An Archive For Brinker's Critics

In response to Re: An Archive For Brinker's Critics posted by rasputin:

Whew, I'm glad you said "kitties", Ras.

Just wanted to pop in and say hi to my Honey and to let you know I'm reading all this.

Will who?

-- posted by reporter20

Top 13. Oct 3, 2005 2:40 PM

» honeyoneohone - Re: Congratulations!

In response to Congratulations! posted by SteveT:

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Thank you, Steve...

Yes, Brinker was very good at teaching, and making people like me believe that one could be his/her own money manager. I will always be grateful to him for that. Thanks to what I learned from him, I saved myself from the Dean Witter Shark School.

He would still be on the pedestal that I had put him on if the internet hadn't happened. I even purchased a special radio in the late 1990's to record his program when I couldn't listen to him.

Starting with the saga of his own message boards (stay tuned, it will eventually be covered here) and then the ability to compare notes with others on other message boards, exposed things about him that had long been covered up.

Dave Ramsey? I hate to admit that I never heard of him. Please tell me where/when to listen to him.

-- posted by honeyoneohone

Top 14. Oct 3, 2005 2:44 PM

» honeyoneohone - What a Nice Surprise, Rep!

In response to Re: Re: An Archive For Brinker's Critics posted by reporter20:

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So good to hear from you! First chance I get, I will drop by Chat and find out what's up with you these days.

In the meantime, you will be glad to know that I type with my shoes off... smile

-- posted by honeyoneohone

Top 15. Oct 3, 2005 2:52 PM

» SteveT - Dave Ramsey info

In response to Re: Congratulations! posted by honeyoneohone:

Here is his web site.
http://www.daveramsey.com/radio/home/

Ask around at church I would think some may know of him. Dave focuses on helping people get out of debt so they have money to spend, save, and give. He is big into giving. A real gem imho.

-- posted by SteveT