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

To: Ralph C. Cinque who wrote (1778)	10/26/1998 9:36:00 PM
From: psyched	Respond to of 2346

Do any of you remember how low SME dropped before JD finally gave his sell signal and admitted he finally lost confidence in management's ability to turn things around. Now that it's priced in the 1's management has just "repriced" their options from the $4. range down to the current $1. range--a little extra incentive at the stockholder's expense for their "fine" job of management and turning things around. More details on the Yahoo board. Ralph, you express my feelings about JD so well. It's the arrogance, hype and selective presentation of details and his past record and recommendations that I most object to. Has he ever recommended selling prior to stock plunging to the bottom? Most good "value" investors buy at a low or discounted price and sell when the stock has reached fair value or is overvalued. I really don't trust him and stopped listening to his hot line as he began sounding like a snake oil salesman. Eventually I allowed my subscription to run out as I became too apathetic to request a refund---probably to depressed over my numerous JD losses(during the market highs) I will not renew as I now have much more confidence in my own ability to research stocks and dd--- can't do much worse than JD.

To: Ralph C. Cinque who wrote (1778)	10/27/1998 5:16:00 AM
From: doug5y	Read Replies (1) \| Respond to of 2346

Ralph, Nobody is holding a gun to your head, forcing you to follow Dessauer. We've heard your points. Isn't it time for you move on? Exercise your free will for a change. IMHO.

To: Ralph C. Cinque who wrote (1778)	10/27/1998 9:42:00 AM
From: DWB	Read Replies (2) \| Respond to of 2346

You want an example? Hallwood Group. Even though the question of "getting us out in time" isn't really a valid one, since JD isn't following a short term market timing strategy. If you want to keep trying to impose an investing model on JD's actions, you might at least try and use the strategy he employs. As far as selling at or near highs, how about Akzo Nobel? or Endesa, or Norsk Hydro? How about Raytheon "A"? See, the problem I have with all of this whining is that it's so selective. You don't just blindly sell a stock if it goes down... there has to be some thought behind the decision. JD has some mistakes, I've stated that myself a ton, but why is it we never hear about him picking T at it's low? Why is it that when he recommended CCR, SEIC, AHO, ERICY, and EK over and over and over again when they were bargains that the gloom and doom crowd can't acknowledge that as well? The longest, strongest bull market in the history of the stock market.... whoopee. If you knew that to be the case, why'd you bother with his advice in the first place? Why didn't you just get a set of darts out of your closet and make a mint? Because generalities are nice, but specifics are hard. Dessauer is no market seer. Yeah Ralph, like you knew where inflation and interest rates were heading 3-4 years ago, while the Fed did it's "saving us from inflation" dance. You just knew to stay out of Japan, and to buy US and European companies because our economies were the strongest... DWB P.S. Anyone else catch the CLB earnings release? Oh, that's right, JD has mentioned that alot lately... wouldn't want to upset Ralph's apple cart...