RE: "Our Friend Mr. Dines." from JDH's Weekly Commentary

[Depleted]

Quote..."It’s not a profit until you sell, and if Dines had recommended selling after a 2,000% rise he would be hailed as a genius. Holding a stock all the way back down isn’t that impressive."
This is true, but Mr Dines leaves the selling up to you. A better question to ask yourself while looking into the mirror may be...
 "Why did I hold onto my stock after it rose 2000 % ?" Then give your head a shake. The answer lies in understanding, and APPLYING the concepts of James Dines book "Mass Psychology". For anyone out there who has not read it, understood it, and APPLIED IT, you are, as Mr.Dines says..."On your Own."
Good Luck, and happy bottom fishing in the Uranium Sector...
Depleted...

[john77]

Hi Depleted,
I would tend to agree with you on most cases, but Dines does in fact do double speak. He does state for people to take profits off the table, but in fact his one page summary at the end has specific, buy sell hold recommendations, for brainless following. That's where the majority are in trouble, including me.

The same applies with Casey, with his specific, buy sell hold or take profits recommendations.

Don't get me wrong, I like it that way as it leaves guesswork out, if you want to use the newsletter like a financial advisor.

[jjj000]

well... like I've said many times before, I blame no one but myself and my own inexperience.  Hold no grudges against the guy.

In fact, if old Jimmy boy has a new pet sector any time soon, I'll be happy to take a look at it and be more prudent with my decision making.

[Depleted]

Mr.Dines gives you all the tools to make money, period. If he told everyone exactly when to sell, then there would be NO MARKET, and NO PROFIT. Fundamental Analysis (Dines provides), Technical Analysis (Dines provides long term), and Mass Psychology (You provide). Get Dines Mass Psycology book, and as instructed...something like...Read once every year, until you feel comfortable with it. read it, and believe in it, because human behaviour repeats itself, time, and time again. Have you read the book this year? If not, you may be on your own. Read, and reread the small print on the bottom of page 16 of this last TDL. Then reread it again.
Page 1 and 2 of this TDL are great, read and reread them.
Also especially pay attention to bottom right on page 2, the part where This indicator alone has been worth the entire priceof your subscription"
I think this is a special tdl, lots of good info in it.
Good Luck and good reading....Depleted...

[honeytart]

Whilst you posters here are singing Dines praises, please have a thought for the 1000s of investors that are in deep trouble because of their faith in him.
Firstly before anybody comes up with the logo "Nobody forced them to buy his stocks"
True, but when people pay hefty subscriptions, they expect to gain some profit from the masters recommendations.
Sadly many people are in deep water, some have lost their homes, because they borrowed against their houses, others have become sick and depressed, divorces through stress, lives have been affected bigtime.
You only have to read one of your fellow posters dannii that posts here, she openly admits on the board she is in deep water because of him.
But she and I are just 2 of many many others.
Jim Dines is a disgrace, most of his recs are down 60- 85% and that is disgusting appalling statistics.
He is hated by many and many have now rightly so cancelled subscriptions.
He is arrogant and i bet he sleeps like a baby at night.
So once again whilst you praise, think of the poor, homeless, divorced, separated, the investors that can't sleep night after night because they are burdened with worry.

[Depleted]

Hey Honeytart...Sorry you feel that way about Mr.Dines. I guess you love him or hate him. If you can understand and follow his system, you like the guy, if not, then you don't. I can appreciate people who got in to Uraniums in the spring when they were high, only to ride them down 75-85%, but then again, Dines is a long term market timer, not a short one, also Dines says...study his system for 1 year without investing first, then start to accumulate. Details,details,details, but the advice is correct and works. You just have to follow along carefully and figure it out........In TDL it is mentioned often to "Only invest money you can afford to lose" I know that does not include equity from my home, in my books, that is pushing the greed over the top, but then again, I am not an American living the dream either, as I am not a big fish, and consider myself a novice investor, and less of a risk taker. Excessive risk on home equity is what got us all into trouble in the first place...
I suspect for most, we need to go through at least 1 or 2 "Dines Cycles", which are usually 4-8 years. It sounds like a long time, but since he is a long term market timer, that is probably the timeline to look at before understanding  his methods for good profits. Remember, think....... l o n g  t e r m...
If you have any attack capital left, you may consider small positions in...
DML.TO, PDN.TO, LAM.TO, MGA.TO, UUU.TO, and even PNP.TO
These companies should be the safest plays for the next uranium bull to come.
Take a small posistion soon, and then complete each posistion when their new uptrends are confirmed, and then sit back and watch the action...
Good Luck....Depleted

[whatsupdoc]

Quote..."It’s not a profit until you sell, and if Dines had recommended selling after a 2,000% rise he would be hailed as a genius. Holding a stock all the way back down isn’t that impressive."
This is true, but Mr Dines leaves the selling up to you. A better question to ask yourself while looking into the mirror may be...
 "Why did I hold onto my stock after it rose 2000 % ?" Then give your head a shake. The answer lies in understanding, and APPLYING the concepts of James Dines book "Mass Psychology". For anyone out there who has not read it, understood it, and APPLIED IT, you are, as Mr.Dines says..."On your Own."
Good Luck, and happy bottom fishing in the Uranium Sector...
Depleted...

Depleted - Mr. Dines was quick to brag and direct his readers to page 16 when his stock lists  were flying high, but ever since a lot of his stocks picks went  down 75%-90% from the top  he doesn't
even mention page 16.   It's very convenient for him to blame his subscribers when his stock picks
are down by saying that "the selling is up to you".

Ultimately, a newsletter writer is judged by how much money he makes for his subscribers through
his actual buy and sell recommendations.  There is no room for nonsense such as should've,
would've, could've.  JDH has succinctly pointed out in his last  week's missive Mr. Dines's  huge
shortfall of constantly lingering  in the low states of WOULD'VE by mentioning that  a C$10,000
investment  of PNP at  C$0.795  seventeen months later would be worth C$203,145  when PNP
was at C$16.15.  The real facts are clear and simple: Mr. Dines did not give an outright sell signal
for PNP at the top, but instead did the exact opposite as noted in JDH's  comments below.

"Unfortunately he didn’t finish the thought, which should have gone something like:

“Ever since that peak I have had a Buy recommendation on Pinetree. I even moved it from my speculative list to my “good grade, moderate risk” portfolio. As of today it is trading at $1.82 (Cdn), so if you had followed my advice and bought it at $16.15, you would have lost 89%, such that an investment of $200,000 at that time would be worth $22,538 today.”

If Mr. Dines is going to make  "WOULD'VE" statements of PNP at 16.15 last year which is really 
meaningless since PNP is now at 1.8,  then he should face reality and make the real time WOULD'VE
statement  on the current situation of PNP that JDH has so cleverly  outlined above.

Your response to JDH's comment above that one should look in the mirror and ask themselves "Why did I hold onto my stock after it rose 2000 % ?"Then give your head a shake."  makes sense, however, instead of directing it to Mr. Dines you are misdirecting it to his subscribers.  Correct me if I am wrong,  but isn't Mr. Dines the one who made that silly comment in his recent TDL about the  possibility of turning $10,000 into $203.145 without actually doing it.?  Now if a subscriber had made that comment
you have a valid point in asking them to look in the mirror and give their head a shake.

Sprinkling a few words here and there in his TDLs that readers who have profits should take some of the table does not  exonerate Mr. Dines from making the massive blunder of having in his "moderate risk" portfolio, an outright BUY on a  stock at C$16.15 all the  way down to C$1.64.   Tired old cliches like "Only invest money you can afford to lose", "We are in for the very Long Term" are some of the crutches that beaten down Newsletter writers use when their recommended picks are down 75-90% from the top.

[Depleted]

whatsupdoc...I will stop the Dines talk. It just gets everyone riled up. The best thing I have learned from Dines is to follow his system for 1 full year before investing. That above all, would probably help most of all.

You said...

It's very convenient for him to blame his subscribers when his stock picks
are down by saying that "the selling is up to you".

Well, the simple answer is....

Dines got you in to PNP on 04Nov05 at 0.79 cents....
PNP traded over 16 dollars in 2007.
How much of an increase was that? And you are RIPPING the guy?
What more could you want?
Read your Mass Psyc book again.
You may want to reassess your exit strategy for the stocks you hold.
That way, you can lose the element of GREED that seems to affect us all when the stocks rally....
Dines recommended buying on dips, selling on strength.
Define strength..... Hmmm....Well, "back up the truck" seems to create some.
Think outside the box. We are all part of mass psyc in the market.
Learn from the past, reread your tdls and draw your own conclusions, but remember to use a long term thinking process.....
While you are at it, learn to read between the lines, this helps also...

Cheers,...Depleted
 

 

[Uboat]

whatsupdoc; a well pointed assessment of Mr. Dines.

Depleted; as much as I appreciate your TA/charts, I cannot follow your uncritical dedication of Mr. Dines.

Why should subscribers of a newsletter, who look for immediate trading advice, need to read various books, analyse the small print, “read between the lines” and wait a whole year before understanding his buy or sell recommendations. 

[Depleted]

Hahaha..hey uboat...    
I think dananini can answer your question better than I can.    
Also, if you are so against Dines, I guess you won't be renewing your tdl?

Cheers, Depleted....

P.S. I am no expert, but only expect to study, and learn as much as I can.
There is no easy, simple way around doing your homework and due diligence.
period...
GLTA....The Uranium sky is falling, AHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!!!!!!!!!!!

[Uboat]

Depleted; you may laugh all the way to Mr. Dines.

FYI, I have cancelled your newsletter already a year ago
and do my own due diligence successfully.

[jjj000]

FYI, I have cancelled your newsletter already a year ago
and do my own due diligence successfully.

Uboat - if you got something that is working for you, please share your thoughts, as we are all looking for new approaches to help us along!!


Depleted... you know I got your back on this one... 'nuff said.

[bluefish621]

As I've said before, a Dines' sell signal on a thinly traded foreign stock would be catastrophic; thus, no sell signal on MGA or PNP etc, but repeated references to taking small profits (5-10%) on the way up every time it doubles or triples. That certainly would have worked for the 2 I mentioned if you bought them when first recommended.
However, a Dines' sell signal on gold and silver in 1980 near 800 and 50 respectively, would not have caused a panic, and yet it never happened and a sell signal was given at 300 and 5 respectively a few yrs later.
No one ever said it was easy to make big money investing, except by dumb luck. I knew one gold and silver investor in the 70's who sold when all his holdings reached $1M, regardless of technicals, fundamentals etc. He did very well and bought income real estate with the money.
Other investors just have great faith in a company and get lucky like another friend, unsophisticated investor, who put all her money in a cancer cure by Imclone and did very well.
As I've stated before, I sold half of my chihuahas as they were crashing, at about 40% off the top. That was probably similar to the 5-10% sell over time mentioned above.
A wealthy investor I know sold his 100,000 shares of Bear Stearns stock at $3 recently, after holding it past $150, and he was in the business!
Good luck, and keep your day jobs .
Ron

[whatsupdoc]

Depleted - No comment here to your reply which is very similar to the responses you
have given to almost everyone who has criticized Mr. Dines's recent performance.

I do agree with your other posts that this is a good time to buy more in the U-sector
at the fire sale prices,  a much better time to buy than when Mr. Dines was incessantly
recommending to buy U-stocks when they were coming down off their highs.

BTW - nice chart on HAT.V which in my u-portfolio,  and is one of the few U-stocks that has
held up very well.


Uboat - Thanks!   

bluefish621 - Thanks for the very informative post.  As far as I know,  Mr. Dines has never
once mentioned  in his TDLs that after gold hit a high at 800 in 1980 he gave a sell signal
for gold at 300 a few years later, and after silver hit a high of 50 he gave a sell signal at 5 a
few years later. So much for his IWB sales pitch that he will try to get his subscribers out
around  20% off the top. Thanks again for passing on this bit of trivia.

[Depleted]

Hey doc....I think you just figured out when to sell....
You said...

So much for his IWB sales pitch that he will try to get his subscribers out
around  20% off the top

It would seem simple, but not that easy to follow the most recent high on a run-up, then sell into a 20% drop from this high. Seems straightforward to me.If you can't sell into a good market because of greed, then you have only one person to blame, and it shouldn't be Mr.Dines. In all fairness, to you, and all who have posted here about Dines, I hope I have not offended anyone, it is just fun playing the other side to keep people interested, and thinking. I like to think it makes me think about my trading system, and how I can improve it. There is a lot to learn from Dines TDL, and I find I must read them a few times to grasp the sometimes wealth of information about the global marketplace.

The bottom line for me and Dines is, if I can concur his fundamentals with reasonable TA timing, then he has made me money, how much doesn't matter...And he has. I am expecting to pay for reasonable fundamental analysis on prospective companies, nothing more. I expect to do the rest on my own.

All those out there holding HAT positions, well done. I commend you, what ever happens. I think it will be a great play. That Midwest Northeast Project drill hole 4.3m interval from 318m to 322m of CPS >9999 is very promising. I may bid in on the next dip.

Cheers...D