Moneytalk Bob Brinker Summaries - Information ONLY
- Jonathon
- David_Korn
- David_Korn
- Kirk
- Erik75
- reporter20
- Will_L
- JackSwanson
- DellaO
- High66
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» David_Korn - Re: brinker's prediction on rates
In response to message posted by Jonathon:That is correct Jonathon.
-- posted by David_Korn
» David_Korn - Bob Brinker on CNBC
Bob Brinker will host a special edition of Moneytalk on CNBC on Thursday, November 28. Broadcast times are 9pm and midnight eastern, and 6pm and 9pm pacific.
- David Korn, editor of http://www.begininvesting.com/
-- posted by David_Korn
» Kirk - Update for the Kirk Bashers
.I have gotten word that the "Kirk Bashers" on "another site" were all upset that I didn't update my performance numbers more often.
Well, I updated them today.
Performance since inception on 9/30/98:
Kirk's Newsletter Stock Portfolio +169.5% !!! (as of 11/27/02)
S&P500 (via SPY) = -2.2% ( More than a double and a half vs a loss! No contest!)
I even added YTD numbers in the table
http://www.suite101.com/files/topics/270...
but I don't promise to update those often because it is a pain and few buy newsletters when the market is going down even though my very best stock picking was just weeks ago when I caught a "V-bottom" between 10/10/02 and 10/15/02
Here is a sample of some of my "best work" in LRCX for 2001 and 2002.
Bought 300 Shares @ $15.875 on 10/17/00 (-$ 4,778)
Note the date... QQQ was $83 then... and LRCX closed today at $17.17!!!!
Sold 300 shares @ $26.000 on 01/30/01 (+$ 7,800)
Booking a very nice gain I might say...
More LRCX buys n sells:
Sold 200 shares @ $24.250 on 03/21/01 (+$ 4,835)
Sold 200 shares @ $30.250 on 05/15/01 (+$ 6,035)
Sold 100 shares @ $26.000 on 01/03/02 (+$ 2,585)
Bought 150 Shares @ $20.000 on 06/11/02 (-$ 3,015)
Bought 200 Shares @ $15.000 on 07/23/02 (-$ 3,015)
Bought 300 Shares @ $10.760 on 09/10/02 (-$ 3,242)
Bought 300 Shares @ $ 8.920 on 10/15/02 (-$ 2,691)
Sold 200 shares @ $13.090 on 11/01/02 (+$ 2,603)
Sold 300 shares @ $15.000 on 11/21/02 (+$ 4,485)
You can see why the Brinker appologists hate me as they have a guy who many think promised to attempt to trade counter trend rallies using QQQ, failed and gave up leaving them down huge.
Some of us know enough that not all buys and sells are winners so make MANY buys and sells of small amounts (this is called D-I-V-E-R-S-I-T-Y).
Few professionals are foolish to advise throwing a third of anyone's life savings into a single trade..... but one guy did, Will and I warned about it right here, and they hate us with a passion for being right.
Many will remember that I advised against trying to time the market at the time Brinker went to 60:40 in Jan 2000. I said he might be 100% right on that call but most timers eventually mess up trying to get back in and lose all advantage even before you consider taxes. Brinker's QQQ investors only had to wait until the week of 10/16/00 to find out just how right my warning was.
Oh well... call it tuition.
Brinker was right about ONE THING…
<img src=http://cbs.marketwatch.com/charts/int-ad... width=452 height=366>
There were some very nice counter trend rallies to be played and some of us made good coin.
I do get a kick out of all the "anti-fan" posts some make about me elsewhere. I'm darned proud of my results and they are ALL on the books. 
yeah, I'm down 11% YTD, but that happens when you are in a bear market. I'd be about even YTD if not for my two telecom blowups in WCOM and CACS.. The goal should be to keep some of what you make in the bull markets so your total portfolio grows over time. If you are really good (or lucky) then your portfolio grows faster than the S&P500 which mine seems to be doing.
Last point. I trade LRCX mostly because it is a GOOD STOCK that I like for the long term. If wrong, I just hold for a cycle. Notice that it is higher today than it was on 10/17/00 when so many bought QQQ instead.
-- posted by Kirk
» reporter20 - Re: Re: Bob Brinker on CNBC
In response to message posted by Erik75:Hey Erik
There was a real estate question, LOTS of Ginnie Mae talk, a little Total Bond Fund talk as compared to Ginnie Mae, more Ginnie Mae talk, and a caller who asked the difference between the Wilshire 5000 and the Russell 3000, to which Bob replied 2000 stocks. zzzzzzzzzzzzzzzzzz
-- posted by reporter20
» JackSwanson - Stinker's CNBC appearance
It was pretty pathetic. Talk of Ginnie Maes and total market index. No talk, of course, of market direction. He'll never mention that again. He will NEVER talk about market direction again, and you will NEVER, freaking NEVER, hear him ever mention his timing model again. You take that to the bank this day, he will never breathe a word about that bogus failure of a timing model. He'll talk about the market in very general terms, making his show no different than anybody elses. Stinker, he has proven to me to be a full blown loser. A pathetic dweeb of a man with no conviction. He gives a crap about his two bit newsletter only and having it survive. He'd say anything to keep it afloat. This man falls into the bottom rung of society, a leach, a huckster, a conman. I can't stand him and his ilk. Nobody can come with an argument against my statement that he is a pathetic human being.-- posted by JackSwanson
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