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Pastimes : John Dessauer's Investors World

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To: Ralph C. Cinque who wrote (1778)	10/26/1998 9:36:00 PM
From: psyched	of 2346

Do any of you remember how low SME dropped before JD finally gave his sell signal and admitted he finally lost confidence in management's ability to turn things around. Now that it's priced in the 1's management has just "repriced" their options from the $4. range down to the current $1. range--a little extra incentive at the stockholder's expense for their "fine" job of management and turning things around. More details on the Yahoo board. Ralph, you express my feelings about JD so well. It's the arrogance, hype and selective presentation of details and his past record and recommendations that I most object to. Has he ever recommended selling prior to stock plunging to the bottom? Most good "value" investors buy at a low or discounted price and sell when the stock has reached fair value or is overvalued. I really don't trust him and stopped listening to his hot line as he began sounding like a snake oil salesman. Eventually I allowed my subscription to run out as I became too apathetic to request a refund---probably to depressed over my numerous JD losses(during the market highs) I will not renew as I now have much more confidence in my own ability to research stocks and dd--- can't do much worse than JD.

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