Ralph, Ralph, Ralph...
Yes, AKZOY was at one time over 100, but JD doesn't call tops. The $80 price he sold at was still almost a 4 bagger since his initial recommendation, not including dividends.
Hallwood rose to around $40, and has now sold off to $17... JD doesn't get out at tops, but gets out with a good profit. At $26, it was another 4 bagger.
I'd like to see your infallible model for picking the tops Ralph, because I don't know anyone who can hit them on the button. Usually it's proper to get out with a decent profit, which the above examples show to a "T". That's not to mention MGA (a 20 bagger from his initial recommendation, sold at $75, now at $62) or AAPL, sold at $30 prior to it's 2 year slide into the teens, or Unifi (sold for another 7 bagger back in October '96).
I can justify his result using his investment style, not only for a minute, but for years and years. Just because you can't understand a concept doesn't make it BS Ralph. JD is a value investor, and doesn't claim to time the absolute tops or bottoms of stocks. As such, stocks he recommends may go down from time to time. If it's a paper loss, and you have no patience, and you sell to soon, then you're the one in error. I'm getting the impression that in order for you to feel JD is being honest and upright, he has to textually crucify himself in every newsletter, just because you can't stand a short term paper loss. Give me a break... you're not worth it.
You wouldn't brag about his European stocks??? Ralph, please take your medication. GLX, ERICY, RP, AKZOY, BP, STD, AHO, ELE, ESF, CWP, NHY, NVO, PHG... all multiple baggers since his original recommendations. Many of them have doubled in just the past year or two, and almost all have weathered the recent turbulence in fairly decent fashion.
As for your one liners...
Dessauer makes no attempt to minimize losses in the event he is wrong because he is too arrogant to consider that he might be wrong.
I don't know how else to say this, but that's a lie. Check the issue he sold PDG... he did exactly that. April 1998 issue, and I quote... "I know we have a small loss on Placer Dome. But I worry about the possibility of a bigger loss if we just hold on. Better to admit a mistake, take a loss and move on. Remember, we don't have to be right all the time. We can take some small losses and still get rich with the majority of our stocks."
Dessauer doesn't usually change his mind about a stock and fall out of love with it until it is too late, and losses are massive
Another lie. AKZOY, NHY, RTNa, MNNSY, ABBBY, ELE, MGA, HKT, GTE, IAD, UNIFI, AAPL, CEC, HWG, MASPY, Heinekens, ...shall I go on??????
Dessauer's comments and analysis are always clouded by his effort to depict himself in a favorable light.
ALWAYS clouded??? Just can't see any grey areas, can you Ralph?
In light of the ethical concern raised above, Dessauer's involvement with the DGE mutual fund and his managed accounts raise serious concern about duplicity.
So when do you file your complaint with the SEC based on these "serious concerns about his duplicity"?
DWB |
