What you say is true, and yet Bob seems to have this irrational fear of talking about his mistakes and what he has learned from them. Here's something I would like to see in the newsletter:
"At the request of subscribers who participated in our QQQ buy recommendation in October of 2000, beginning with this issue we are adding a version of Portfolio I which includes the effect of placing 50% of cash reserves in QQQ at $xx.xx, which was the average price of QQQ for the week of October 15, 2000."
He also never removed his hold rating on TEFQX, as far as I know, and I think he should include that in his list of securities on hold until he issues a sell recommendation on it.
More and more people are getting their information from the Internet, and when they find out about these things through someone other than him, I think it makes him look worse than if he had just been upfront about it.
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