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

To: Tealby Abbey who wrote (1454)	7/28/1998 5:41:00 PM
From: Gail Morgan	Read Replies (2) \| Respond to of 2346

Did JD actually recommend CD on WSW? That's not going to look good on his record there. I was disappointed he did not recommend SFA, he touted that as a big deal, but did not recommend it on WSW! My comment on CD is this: The auditors job is to audit. Agreed? So, there should be a class action suit against them, by the shareholders. It's their job to find fraud and corruption and improper accounting procedures. Since they can't do their job, no one should ever contract with them again. They truly are to blame if anyone is! And, since the internal auditors did not find and report the fraud, they did not do their job either, and as employees they should be fired. A proper audit finds these errors quite easily, therefore, there must have been much inside corruption going on.

To: Tealby Abbey who wrote (1454)	7/28/1998 6:42:00 PM
From: Wolf 2	Respond to of 2346

Tealby: Yeah, I've been following the CD thread both on SI and Yahoo...misery loves company ;-) I guess this just ain't JD's month---now Ericsson is misbehaving and HLT is hitting new lows. Then again, if we're not daytraders (and we aren't, are we?) these should all be viewed as buying opportunites. The only hitch, of course, is that I, for one, have finite resources--an encumberance JD sometimes seems not to acknowledge. Presumably, as has been pointed out on this thread by others, one should not attempt to cherry-pick bit rather spread one's investable funds evenly over all JD's selections. This is only pragmatic if one has a fairly sizable sum to invest in which case it would make more sense to open an account with Dessauer & McIntyre Asset Management---which (not to be cynical) may be the whole point. BTW, as I type this, it is being reported on CNBC that Walter Forbes as well as all the former CUC directors who are currently sitting on CD's BOD are stepping down! It will be interesting to see the market's reaction tomorrow. Regards, Wolf