| To: Tim Bagwell who wrote (16711) | 9/7/2002 2:43:31 AM |
| From: davidk555 | Read Replies (2) of 42809 |
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With respect to Brinker's trading ability, many people have asked me what other instances I have tracked Brinker where he recommended trading. Can you guess what the last "trade" Marketimer subscribers were treated to prior to the QQQ 2000 opportunity?
This is sort of a trick question, so I will give you the answer -- UTEK. Yup, when Brinker first profiled UTEK in the June, 1997 newsletter, he recommended subscribers purchase shares of UTEK for the specific objective of it being a "formula trade." Brinker claimed that in this "formula trade", the objective would be to take a 50% gain over the ensuing 12-18 month time frame. As UTEK went south, Brinker basically handled the recommendation in the same way he has so far handled the current QQQ recommendation - no stop loss, and simply hold for as long as it takes for the shares to recover. In full disclosure, I got suckered into the UTEK "formula trade" as well, although I learned my lesson going forward.
- David (editor of http://www.begininvesting.com/) |
