Well Joe, everyone is entitled to make mistakes, but no investment advisor is entitled to as many utter investment disasters as Dessauer has had, such as Service, Monaco, Singer, Fletcher, Comshare, and Pokphand, especially since he encouraged more and more fresh buying as these stocks were heading towards oblivion. You mentioned HLT? You want to give him credit for that? Not long ago he was pushing it at 33 and now it's 17. He highlighted it in the August issue at 26, saying it would be the next Santander, saying it was cheap, saying on the hotline that some mutual fund manager foolishly dumped it at 26 and that we should take advantage of his stupidity. And what about BFT? Granted, he was correct to urge people to hold on to it when it was spunoff from Bally, but just recently he was pushing people to buy it at 31, and now it's 15. I remember recently he put out a real strong buy order on the hotline at 23. "If you've been waiting, this is your entry point", he said. What about LSI, which he has been pushing as a buy since it was 32, and continued pushing all the way down to 19, and now recently it collapsed to 11. What about CD, recommended just months ago at 24 and now down to 10, with plenty of buy recommendations in between because it was so "cheap." Joe, if you have managed to sidestep the numerous losers in his portfolio and pick out the winners, then I applaud you. You obviously have an uncanny intution that I and others lack. I credit you, not him. But believe me, people have been hurt. I have been reading the Investor's World Message Board on Yahoo, and there are terrible stories of people being ruined, retirements being cancelled, nest eggs up in smoke, thanks to that Pied Piper from Cape Cod. He doesn't give a shit. And he doesn't even learn from his mistakes. He's just as rash and brazen and self-confident as ever, spewing out his misguided advice. I say put the quixotic fool out of business before he ruins more lives.
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