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

To: Ralph C. Cinque who wrote (1582)	9/24/1998 11:39:00 PM
From: Big Sky	Read Replies (1) \| Respond to of 2346

Ralph, thank you for posting your paragraphs on this thread, some of the most cogent complaints I've seen....Welcome to "Dessauer Basin." I've probably broken even on my JD picks over the past 4 years, thanks to ERICY (since sold), CCI (since sold), CCR and SEIC. Took my biggest bath ever with CPPKY. I really can't blame JD for my losses however, I made the decision to follow his advice, and rarely did I do my own due diligence. My own greed kept me fully invested when the market was topping, it would have been more prudent to keep some cash handy. JD's just trying to sell newsletters, and trying to retain his subscriber base. His "buy and hold" style is born of the necessity to make money for his subscribers over the long term. It's a good business strategy for JD. If he tried to call market tops, he'd lose many investors that couldn't keep up with his turns, or he'd lose them when he's wrong. With his long term approach, he's bound to make money for his investors that stick with him for the long term, since the market has tended to rise over time. He doesn't pretend to be a trader or a market timer. That said, I'm very disappointed in the lack of information flow. IMO he follows way too many stocks and can't begin to keep us informed about them all. And he is too slow to admit his mistakes.