To: Harry Stein who wrote (2219 ) 12/13/1999 2:43:00 AM From: thomas richard smith Read Replies (1) | Respond to
Hi Harry, I hope you have better luck with JD than I did, Dessauer seems to reccomend the less pricey stocks in a more erroneous manner than the larger industrial stocks. The problems that I had with his recomendations were that I followed his recommendation of holding losers . He has faith in some of his picks that seems to defy logic or common sense.. Generally , I found that, if his pick went bad for you, restrict your loss to 10% or less. If I would have done that, with serious discipline, I probably would still be a JD subscriber. Believe it or not I still have cppky, why bother selling it now,$9.75 to 10 cents and back to 90 cents. FFS is another turd that should have been blown out at a 10% loss, $8.75, then $2 and now 3 and change, bullcrap. SME is another one, JD beat the drums all the way from 10$ to under four before he finally started to be a little wary of that JEWEL. JD tends to suggest selling some at astounding losses, this technique is almost certainly to clear the books of turkeys than it is to actually recover funds for further investment, since the funds remaining after taking water for so long are practically nil. I would suggest that you stick to the nyse stocks , and even those, sell if you end up with a 10% loss. It is very difficult to regain trust in your own decision making if you take serious gas as a result of his apparent indifference to some of the big losses. Just keep in mind that if he removes the losers from the portfolio, his future track record will look better because the big losers will not be visible to future customers of the newsletter. Thanks for your attention. Tom
