Larry, I would add AT&T to your list of Brinker recommendations. Since you like numbers, I would give Bob the benefit of the doubt and use $120 (split-adjusted) as his recommendation price. The stock has obviously been decimated since his recommendation and like many other of his issues that go south, he often simply rides them down, never issuing a sell signal. (i.e. QQQ, TEFQX, etc.) Unfortunately, he usually stops discussing them on the show which I personally view as disheartening since we can all learn from our mistakes. Anyhow, for the people that think Brinker can do no wrong, please don't shoot the messenger. I report on Brinker's great calls as well as his bad ones. My goal (like Larry's) is to objectively report on Bob Brinker's record and the fact that my subscription base has continued to grow over the last 5 years I hope is a testament to that fact. Here is an excerpt from my newsletter which in part tracks Bob Brinker's Moneytalk on point:
Excerpt from David Korn's March 25, 2000 Newsletter
Caller #14: This caller wanted to know at what price Bob Brinker would consider buying AT&T shares? Mr. Brinker said he really liked AT&T when the stock was trading in the 120s (split-adjusted) and he pointed out to the caller that he spoke very favorably about AT&T on the program when it was trading at those levels. Since that time, the stock has had a good run. Bob noted that when the stock is trading in the 120s that is probably the best time to establish a position in AT&T.
UPDATED EC: On the date of that last call, AT&T was trading at $180.90 (split-adjusted). On the Monday after that call, AT&T actually closed at $185, not too far from its peak. From there, the stock basically cratered. As of today's close, shares are trading at $22.20 and it is a very different company now.
- David Korn
Editor of David Korn's Stock Market Commentary, Interpretation of Moneytalk (Bob Brinker Host), Financial Education, Helpful Links, Guest Editorials and Special Alert E-mail Service.
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