Great answer about the PIN number.
I just signed up for the trial membership. I have been reading the posts on JD's service and just had to get my .02 in.
I agree that he just is slow to sell. I have adopted a policy that I used to use. If the stock goes down more than 20% I get out. I bought CPPKY at 8.50, then he recommended more so I bought about 5.00. Then recommended buying at under 3.00. I tried to buy, but the stock was trading at over 3.00 ..then it tanked. I lost a bigger % on Cppky than I have ever lost on any investment ever.
I also think he should have email and a site so that we can log in with a password and get his updates. For an up to date guy, he is kind of behind. Look at Brinker, he has website (IMHO not very good, but at least he has one). I would just as soon be able to read my newsletter on the net. I spend a lot on long distance calls that is not necessary.
Regarding CD. I can hear JD now "how silly these people are. this is a fine company. the time to buy our fine companies is now when the price is right, etc"...you have all heard it. There are times that I think that JD was a cheerleader wananbee and is making up for it with his voice messages about our "fine" companies....
I "doubled down" on CD at 15.50. I think JD will instruct his readers to buy here.
Someone mentioned about not selling. One problem I have is my funds are limited. I now have a policy of diversifying even more with JD's picks. I have had a couple of real bums, but there are others that have done very well (SEIC, CCR, etc.) Also, for a couple of the people who felt they got hurt by JD, they probably didn't diversify enough. I bought 25 stocks when I first started with him. I am a long term investor, but will sell part of those that have run up to buy others that he thinks are buys. If you track his comments, you can get a sense of what he thinks are the better buys. His year end and mid year picks are good to follow as the performance on these is what gives him the opportunity to expand his business due to appearances on Wall Street Week....bragging rights as it were.
speaking of bragging rights. Does anyone know where one can get some of Laslo Birinyi's (spelling ?) picks. He has been great over many years. I see his column in Forbes, but can't find much on the net.
Oh, for the guy who wanted the pin number.....it is GOBEARS
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