Daniel, take it easy. YOU don't have to be so defensive, we're talking about JD. No reason to get upset.
>>>Why sell a growing stock? It could be because expectations may have exceeded current reality, and if a correction occurs in the near term (which JD has mentioned a couple of times as a possibility), one could better weather it in a stock that hasn't run up as much.>>>
Problem is, JD has never made mention that expectations are exceeding reality. As far as selling because a near term correction may be coming...that goes against everything JD has ever stood for. I can't count how many times he's said you CAN'T time the market. He's always said to invest for the long term and ignore the ups and downs of the market.
>>>If he's lost touch, then why was he recommending his readers buy it when it was in the teens, twenty's and thirty's? Your statement ignores the fact that if he hadn't bought the stock cheaply, he wouldn't be selling a portion now for a substantial profit. How convenient...>>>
Look, selling because you have a profit is NOT smart advice. The time to sell is when fundamentals have changed negatively for your investment. (There are a whole bunch of other reasons as well, but the point is, you sell when you have a REAL reason to sell, not because you've doubled your money, or whatever)
I have a friend who sold Cisco when he tripled his money. He made $30,000.00. But he MISSED OUT on $1,000,000 appreciation since his sell. Think he's happy he sold with "a profit"?
>>>Feel free not to talk about CPPKY, and I won't bring up BFT, or SEIC, or CEC, or AHO, or ERICY, or T, or WCOM, or SFA, or... So HLT has lost half it's value has it?
I guess that means you should have sold your LSI when it was at $10 back in January as well, and ignore the fact that your PPE shares are up at least that much.... Talk about a dumb argument.>>>
Easy there Daniel. Why all the anger?
>>>If you've cancelled your subscription, why are you bothering to spend time on this thread? I'm sure the digital hallways are still reverberating with the pronouncements of
those other "experts" from January who were down on LSI, and SFA on a daily basis.>>>
I just discovered this thread recently. This is a thread about John Dessauer, isn't it? Or is it only for people with nothing but nice things to say and those critical of Dessauer are banned from this thread?
I'm entitled to my opinion. Yes, he's had some winners. He's had losers. It appears he does NOT follow all the stocks he recommends very closely. I stand by my earlier statements and wish the best to everyone who follows his advice.
Ron |
