THREAD IS CLOSED! --- Bob Brinker Free Discussion Site 11K+: Hi all

» SLO219 - Hi all

I'm a refugee from the Brinker board and a victim of the QQQ fiasco. I'm happy to get into this board. I trust that it will be less vitriolic then the BB board.

Many BB adherents need help in recovering from this disaster. This would be a very useful function for this board. The Brinker board was full of postings from seniors who had faith in BB and put a significant portion of their assets in the trade. Assuming a $500K portfolio with at least a $200K to $300K cash position, many are in for over $100K. I'm sure that many seniors did not really understand their own risk tolerance or the nature of the Qs and they can't take a loss of $20K to $40K hit without a lot of angst. Of course, the loss is dependent on how they took the "immediately" message.

On the Brinker board, I posted my strategy. It consists of the following-

1. Use RYVYX (Ryder Velocity) to average down the position. This fund is designed to reflect 2X the performance of the Qs (DCA into this)
2. Use RYVYX (Ryder Venture) to protect against further downside. This fund is designed to reflect 2X the inverse performance of the Qs. (DCA into this)
3. Short selected tech high flyers (those with particularly egregious P/Es). I use RIMM, CHKP, BRCD, and others for this purpose.

I do think that we're overdue for a bounce in the Qs and if averaged down enough, I may be able to escape relatively unscathed. I think that the Nikkei in the early 90s is the best model for the NAZ. Thus, we're headed even lower in the future. BB got this part right. If we do not have a significant bounce from these levels, it will be a major departure from historical norms. Bear markets of the past have always had significant bounces on their way down. BB seems to be betting subscribers money on this phenomenon.

Friendly comments only?

-Slo219

-- posted by SLO219