Dan: Are you a relative of Dessauer? Nephew? Cousin? Or are you an employee? Have you had any direct contact with him whatsoever? I want to know. I am beginning to suspect that you have. However, regardless, your attempt to defend his dismal record is getting more and more ludicrous and pathetic. But what are we arguing about? Hulbert is coming out with his analysis of Dessauer any day now. I presume we are going to find out exactly how your hero has done, especially in the short-term. Regarding the long-term, we already know from Hulbert that Desesauer has never beat the Wilshire stock index in any time frame whatsoever. So you can quit bragging about his winners.
For the record, I do not believe Hallwood was a "4 bagger"; the stock did a 1:4 reverse split and that's how it wound up at 26.
Yes, I know he made money on AKZOY, although I can't confirm how much, since he first recommended it long before I got with him. As we know, Dessauer refuses to list the price at which he first recommended a stock, (as is a common practice in the industry) so I have no way of knowing what the gain was. (You understand that I don't take your word for anything.) It sounds like in your desperation you have been drumming up old IW's, going back years and years, trying to prop him up. However, my point about AKZOY, which you confirmed yourself in writing, is that Dessauer never gets out at tops; he never anticipates the plunges so that we can get out in time.
You want to give him credit for Apple? Are you completely out of your mind? It was over $50 and he was still pushing it, and then as it started coming down, he said to ignore the concerns, that other companies should be so lucky as to be sold out of inventory in Japan, etc. etc., his usual schtick. A lot of people did just as he advised and bought more Apple on his advice when it was "cheap" in the 40s and 30s. Then the sell order came through at 29, a near halfing from the high. Subscribers lost a lot of money on Apple thanks to John Dessauer. Remember my e-mail that I put at the end of these posts? Well, I've been hearing from people, Dan. And, several of them have mentioned Apple by name as a stock they lost substantial money on thanks to him. I've got all the letters, Dan. I'm saving them.
Dessauer a "Value Investor"? Was Comshare a "value" at 29 when he recommended buying it because "it was only selling for 2 and 1/2 times sales?" (this stock is presently in the 4 range, it was as low as 3). Short-term paper losses? Were the huge losses on Singer, Monaco, and Pokphand on paper only? I guess you figure that because the disastrous losses on the Fletcher stocks have not been realized, by having been sold, that they don't count. Well, stop inferring that "paper losses" aren't real, Dan. That is just a form of denial. You get a statement from your broker each month. Whether your money is in cash, stocks, bonds, or whatever, it all has a bottom line value, and that's what's real, Dan. And, who are you to declare that the paper losses are "short term"? You don't know that. You're ready to give Dessauer credit for the recovery in all his beaten-down stocks before it even happens? Well if one fine day CD does get back to 24, what do you want me to say: "Well, Dessauer, I'm back to even, so thanks for "getting it right." ?
And as far as that long list of European stocks "weathering the recent turbulence in fairly decent fashion", obviously you think a 50% slide is "fairly decent" because many of them have done just that. I could quote them all one by one, but I'm not even going to take the time, because frankly, you're not worth the trouble, Dan.
Let me ask you something, Dan? How many botched operations do you think a surgeon is entitled to before they take away his license? How many homes have to burn to the ground due to faulty wiring before they take away an electrician's license? How many school buses does a driver have to crash before they take away his license? Well, as a financial advisor, Dessauer, has had enough real investment disasters that someone ought to take away his license.
|
