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Pastimes : John Dessauer's Investors World -- Ignore unavailable to you. Want to Upgrade?

To: The Verve who wrote (2128)	9/8/1999 9:02:00 AM
From: Diogeron	Respond to of 2346

Acually, he said "sell half of LSI if it is more than 10% of your portfolio." It may or may not be good advice, but that's the advice he gave. Insofar as CPPKY goes, he had a buy on it at 9-10. I know because I bought it at around 10. His advice to sell at 50 cents is one of the most absurd recommendations I've ever seen. Hell, I've held on and TRIPLED my money since it was at 50 cents. How lucky can a guy get? <ggg>

To: The Verve who wrote (2128)	9/8/1999 9:45:00 AM
From: DWB	Read Replies (1) \| Respond to of 2346

As Diogeron pointed out, his statements were to lighten up on LSI if it had become an exceptionally large portion of your portfolio. Why sell a growing stock? It could be because expectations may have exceeded current reality, and if a correction occurs in the near term (which JD has mentioned a couple of times as a possibility), one could better weather it in a stock that hasn't run up as much. If he's lost touch, then why was he recommending his readers buy it when it was in the teens, twenty's and thirty's? Your statement ignores the fact that if he hadn't bought the stock cheaply, he wouldn't be selling a portion now for a substantial profit. How convenient... Feel free not to talk about CPPKY, and I won't bring up BFT, or SEIC, or CEC, or AHO, or ERICY, or T, or WCOM, or SFA, or... So HLT has lost half it's value has it? I guess that means you should have sold your LSI when it was at $10 back in January as well, and ignore the fact that your PPE shares are up at least that much.... Talk about a dumb argument. If you've cancelled your subscription, why are you bothering to spend time on this thread? I'm sure the digital hallways are still reverberating with the pronouncements of those other "experts" from January who were down on LSI, and SFA on a daily basis. DWB