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

To: Keith Garlitz who wrote (1534)	8/28/1998 9:31:00 PM
From: C Hudson	Respond to of 2346

Since JD does not like to sell, I predict he will have no newsletter in a year. This market has just begun to decline. There may be rally's but brief. Get your money back from this guy. I havn't heard his telephone update, but if he's not at least somewhat cautious considering most of Asia and Russia are in a shambles, that should be a sign for you that this guy is a disaster to anyone that reads him.

To: Keith Garlitz who wrote (1534)	8/29/1998 8:23:00 PM
From: robert emann	Read Replies (1) \| Respond to of 2346

Keith; You raise some good questions regarding his picks. Everyone is down these days yet everyone on this thread picks on JD. Good to have discussion. Agreed, he needs to explain why he is selling in his fund while giving us contradictory reports on the hotline. I suggest many other advisors are doing poorly right now. If anyone disagrees tell me an advisor who is up?????? Solely my opinions, HET- love to buy now but all gambl;ing stocks are out of favor. Once Japan resolves problems, if ever, buy. LSI-everybody was wrong on this one including the CEO. Probably a good buy now but must have a long term horizon. Asia stocks-all continue to be a disaster. I have big losses in FFS. I would love to buy the rest of the Fletcher group but will not until Japan settles out. HLT-disappointing acquisition. Nothing will happen until split up. Hotel stocks down as hotels are now overbuilding. Need a cancellation of some project. And Bollenbach refused an offer of $40. Thanks. CBL=I am buying 200 shares Monday as a start up position. Staying away from BP and MRO until oil firms up. Both are great companies. Bp buy of AN at bargain basement prices. MOT-sucked for the last 4 years and will continue. Let me know when they had the last good quarter. HK plays will collapse when government support goes. STD and ESF-these hurt badly. They will not be resolved until the banking crises in Latin America is behind us. US financials-CCR should be doing great,with housing starts increasing yet they get no respect. I still love them. the Generals-very disappointed. Sold most of my GTE and GM after merger and strike. I thought there was some pretty lousy managers out there but did not think GTE and GM was included. Was I wrong. But at least I made money on both. If anyone would care to explain why I should hold GM or GTE I am all ears. Regardless, I still will subscribe to JD until some points out a better advisor. Bob

To: Keith Garlitz who wrote (1534)	8/31/1998 4:11:00 PM
From: Wren	Respond to of 2346

Keith, I believe that some great buying opportunities are developing. I own most of the stocks you mentioned, and have picked up additional positions in FFS and FEG as the prices have dropped. I believe those two are very sound and in the long run we will make good returns on them. I plan to buy more when I believe we are nearer the bottom. The real question is when to buy more. I remember the sell offs in the mid sixties and in 1972. The selling did not stop until the stocks were real bargains!!!! The drop caused by the nifty-fifty bubble took several months to complete. However, general economic conditions were worse then in the US. However look at Asia and a lot of other underdeveloped areas today. I have always wanted to be in a good cash position when a major top collapsed, so I have sold a lot in 1998, have a lot of cash, and so far have picked up a few stocks that seem real bargains now. The real question is when to go back in in a big way. We have the mutual fund "tax loss period" which will go on from now to 10-31. Then we will have individual investors offsetting gains with tax losses all the way to 12-31. Today, we have the DOW down over 500 points and the Nasdaq around 140. I plan to do some selective picking and wait before committing the bulk of my cash.