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

To: Keith Garlitz who wrote (1519)	8/25/1998 10:30:00 PM
From: robert emann	Read Replies (1) \| Respond to of 2346

Keith; I was not aware of the insider sales re Core Labs. I tend to follow what is going on in the energy sector and its really bad out there. Todays bidding for new tracts in the Gulf of mexico was very low. Tomorrow they open the bids. I do not think it will be bullish for energy prices. As long as the analysts think the oil services sector is going down they will continue to short the stock. If I was a director I might have sold also. Energy needs some catalyst to get prices going up and I have not the foggiest idea what that may be or when that will occur.In the meantime Core will probably drift lower. Regarding DGE acquisitions and sales. The only thing we know for sure is he has no responsibility for the Asian component of the portfolio. That is the responsibility of the Guinniss Flight folks. On the US and European sales I am surprised and can not offer any rationalization why he would sell in DGE while continuing to recommend in his newsletter. That seems an appropriate question to ask him..

To: Keith Garlitz who wrote (1519)	8/26/1998 4:04:00 PM
From: Wren	Respond to of 2346

Keith, your post looks like JD sold-out us newsletter subscribers. Where did you get the info on the holdings of JD's closed end fund? I have subscribed to the newsletter for five years. He rarely tell us to sell a stock. It is very interesting to see he has been selling some of "our great companies". Thanks

To: Keith Garlitz who wrote (1519)	8/26/1998 5:03:00 PM
From: C Hudson	Respond to of 2346

Nice post Keith. I don't subscribe to him anymore but I guess I'm still angry at his clear selfish tactics. Unbelievable.

To: Keith Garlitz who wrote (1519)	8/26/1998 8:22:00 PM
From: Pete Bilden	Read Replies (1) \| Respond to of 2346

Wow. I really don't know what to say Keith, assuming it's true. It'll be interesting to see if JD addresses this one in a future newsletter or hotline. It goes without saying that he and his team probably know about this website, and probably lurk here to test the waters.

To: Keith Garlitz who wrote (1519)	8/26/1998 8:59:00 PM
From: Wolf 2	Respond to of 2346

Keith: Please see my response to Pete Bilden. What do you say...since you ferretted out this material, are you willing to call JD on it? Wolf

To: Keith Garlitz who wrote (1519)	8/26/1998 10:49:00 PM
From: Wren	Respond to of 2346

I have an old e-mail address jdessauer@phillips.com I agree that someone should give JD a chance to respond. My renewal comes up shortly, and I want to know what I should do. Incidently, I lucked up and sold all my Banco Santander about two weeks ago. According to the quote I got today, it is down 5 points since I sold. Better to be lucky than good!

To: Keith Garlitz who wrote (1519)	8/27/1998 9:37:00 AM
From: DWB	Read Replies (2) \| Respond to of 2346

Keith, What you've posted is disconcerting, but I think a bit of perspective is in order... Yes, JD sold 90K shares of STD... but that was only a small fraction of what he continues to hold. It also doesn't say what the proceeds from all of those sales went to, maybe to fund customer redemptions, or to buy other stocks. The dynamics of running and funding a Mutual Fund are totally different from a single person's portfolio. From October to May is a fairly wide timeframe... are you sure he recommended buying them after he sold, or maybe before? I do find it interesting, and unsettling, that he is buying Time-Warner without having it on his list, much less Worldcom and LCI. Of course, liquidity could have a major role again. A Mutual Fund must buy a much larger number of shares and is therefore often confined to larger cap stocks. Buying shares in CSRE would most likely not affect the Mutual Fund's bottom line, short of taking over the company. Lots of these questions, regarding timing and who got precedence, came up when the mutual fund first was announced. In my estimation, there is probably a pecking order that looks like: A) Privately managed accounts B) Mutual fund C) Newsletter subscribers This is a function of both size and return. It's easiest to move personal clients in and out at a moments notice, especially if they aren't in possession of Mutual Fund levels of stock. He also has direct control over the Mutual Fund purchases, and is much more closely scrutinized if it fails or succeeds. Since the last one is a "use my guidance as a basis for your own decisions" area, it probably comes out last in the tug-of-war. I guess "...sucks for us" might be an appropriate description. DWB