You want an example? Hallwood Group. Even though the question of "getting us out in time" isn't really a valid one, since JD isn't following a short term market timing strategy. If you want to keep trying to impose an investing model on JD's actions, you might at least try and use the strategy he employs.
As far as selling at or near highs, how about Akzo Nobel? or Endesa, or Norsk Hydro? How about Raytheon "A"?
See, the problem I have with all of this whining is that it's so selective. You don't just blindly sell a stock if it goes down... there has to be some thought behind the decision. JD has some mistakes, I've stated that myself a ton, but why is it we never hear about him picking T at it's low? Why is it that when he recommended CCR, SEIC, AHO, ERICY, and EK over and over and over again when they were bargains that the gloom and doom crowd can't acknowledge that as well?
The longest, strongest bull market in the history of the stock market.... whoopee. If you knew that to be the case, why'd you bother with his advice in the first place? Why didn't you just get a set of darts out of your closet and make a mint? Because generalities are nice, but specifics are hard.
Dessauer is no market seer. Yeah Ralph, like you knew where inflation and interest rates were heading 3-4 years ago, while the Fed did it's "saving us from inflation" dance. You just knew to stay out of Japan, and to buy US and European companies because our economies were the strongest...
DWB
P.S. Anyone else catch the CLB earnings release? Oh, that's right, JD has mentioned that alot lately... wouldn't want to upset Ralph's apple cart... |
