Thanks, Daniel.
Thanks, for the information. Certainly from now on I will try to
scrutinize JD's picks better and hold-off on jumping in right after
he starts following a new stock.
One of the things that has been a bit disconcerting for me is that
all of the picks I made on my own, without much research, have done
well while many of JD's picks that I bought into haven't. My picks
were: CPQ (Compaq), CSCO (Cisco), SUNW (Sun Microsystems), NATI
(National Instruments), and DELL. I have had all of them for several
years, except for DELL, which I bought into about a month and a half
ago when its price dropped quite a bit. Fortunately, most of my money went into the stocks I picked myself.
I started subscribing to IW almost 4 years ago in order to get ideas
for diversification into other industries. SEW, TVF, CPPKY, LSI, CD,
GFASX, GFCHX, AAPL, PMRX, and MOT haven't worked out so well. To be
fair the BLY (now HLT and BFT), ERICY, CWP, CCR, and SEIC have done
okay, but not enough to make up for all the IW duds I invested in. I
hope that someday LSI, MOT, and CD will pay off though.
I guess I was naive in thinking that JD was better at this then I
was a few years ago as a rank beginner. Ultimately, he probably will
turn out to do much better than me, but so far, my more or less
ignorance at making my own picks has paid off much better.
The thing that keeps me from getting too upset though is that I have
learned some things that, I hope, will help me in the future and JD
has done a pretty good job of predicting the economic situation,
interest rate cuts, etc. Who knows, even CPPKY, which is less
than $.50 now, may someday pay off -- but it sure has a long way to go
to get back to my $10 average price. :-) I see no point in selling it
now since I have lost almost all the money I put into it. |
