A year ago, I wouldn't have gotten out of bed without looking for a signal from JD....but CPPKY cured me of that.
Just kidding about that "Getting out of bed" business, but I have learned to not trust JD for picking exit points.
IMO, I think it's intentional on his part. I think his life is too complicated to get into the business of issuing sell recommendations. He's beholden to many constituencies: Newsletter, Dessauer Global Fund and his Managed Money accounts. Imagine how his furious his "managed money" accounts would be if their positions weren't unwound before he told his newsletter subscribers to sell. Plus, what if he said "sell" and the price continued up, as is likely in a Bull Market. Then his subscribers would lose confidence because he left money on the table. Probably safer to stay silent and stay in the business of trumpeting stocks to "buy". Better for a stable subscriber base anyway.
IMO, if you want JD to do your market timing for you, the only recommendations you can really trust are his annual WSW picks, because we know his time horizon for those (12 mos). If they don't perform well between Jan and Dec, he won't get any free publicity from his WSW exposure. All his other picks have no time horizon other than "Long term", which allows him the flexibility to keep saying "buy more on dips", ad infinitum until they turn back up again. Averaging down is a dangerous strategy, I'd much rather know that I'm buying into a stock that is in an uptrend.
I do however value his suggestions and am learning (an expensive education) how to avoid his losers.
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