Re: "That" newsletter (again) - I have to admit it was "that" newsletter that alerted me to PRR in the first place. At the point at which I dumped the subscription, my recollection is that PRR was keeping their whole portfolio above water in terms of paper gains. I may have misunderstood this but - my understanding of their methodology is to recommend at a certain buy price at a certain point in time and then keep saying how fantastic the % increases have been since then. (Then, equally, one is supposed to sell when they say to sell. Their stock picking performance data is based on that as well). It's a snapshot, and all "returns" are based on a buyer having bought at that one point in time. I haven't thought this through completely but it would seem logical that to keep this idea working, once the recommended buy price is passed, it's no longer a "buy". My suspicion was that the "buy up to" is tweaked when the researcher can't come up with shiny new stocks to recommend each month (or purely by mistake). I can't figure out though how (if at all) these changed 'buy' prices are worked into their results. Surely this messes up their whole concept... Just my thoughts.
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