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I have become very skeptical of "Dessauer-speak." When things go really wrong with companies like SEW, PMRX, CSRE, CD, SME and others, we subscribers are told how great management is and what incentive they have to increase the share price. If he claims to know top management, I would avoid the pick. In my recollection, JD recommended CSRE when it was in the 20's, SEW at 17-18, CD up to 25, and so on. I stupidly bought Service Merchandise on his advice even though I knew that the local store was a disaster. I did avoid the big drop because of agile trading and I actually made a few bucks on CD when it popped for a while. I did the same with PMRX. I am ashamed of what I show now as paper losses on CPPKY. I never bought CSRE or SEW and consider myself lucky. Last night's NBR reported on BFT's blow-up, another JD stock I have avoided. As another contributor on the board pointed out, these are supposed to be long-term plays, but in my experience I have made money by trading on these picks and by getting out of the way fast. I may ask for a refund on my remaining subscription. |
