[coloradan]

I still can’t discern from your posts when he called a buy signal, Friday before close, or Friday after the close, or Monday after the open. I do know that the market closed down 508 points from Friday’s close to Monday’s close, which is the difference between your two numbers. So I’m guessing he called the buy after Friday’s close. In that case, no lemming blindly following his advice could have possibly bought at 2247, the markets were closed. They could have only bought Monday at the open, which would have saved them some 200-300 points.

True, the markets would have closed sharply down from that price, making it a “bad call”, but he missed the bottom by only one day (Monday’s close, not Friday’s close) and he does get credit for the gap down, because no client would have bought Friday’s price which you quoted, if the buy signal was issued after Friday’s close.

[Toddsterpatriot]

I still can’t discern from your posts when he called a buy signal, Friday before close, or Friday after the close, or Monday after the open.

Before the opening on Monday. It could have been taped over the weekend.

In that case, no lemming blindly following his advice could have possibly bought at 2247, the markets were closed.

Doesn't matter. News letter guys get graded based on the time they make the call, not whether you could buy or not. They get graded with certain assumptions of the commissions you pay, whether that's what the typical investor would pay or not.

True, the markets would have closed sharply down from that price, making it a “bad call”, but he missed the bottom by only one day

Yup, he missed the bottom by only 22%. Hardly worth mentioning.

and he does get credit for the gap down

No. He said 2247 was the bottom. He was wrong.

[Toddsterpatriot]

They could have only bought Monday at the open, which would have saved them some 200-300 points.

PRICES

Date	Open	High	Low	Close	Volume	Adj Close*
30-Oct-87	1,965.68	2,049.07	1,965.68	1,993.53	303,400,000	1,993.53
29-Oct-87	1,849.30	1,971.98	1,849.30	1,938.33	258,100,000	1,938.33
28-Oct-87	1,846.49	1,904.51	1,767.74	1,846.82	279,400,000	1,846.82
27-Oct-87	1,806.70	1,904.68	1,806.70	1,846.49	260,200,000	1,846.49
26-Oct-87	1,881.80	1,881.80	1,774.04	1,793.93	308,800,000	1,793.93
23-Oct-87	1,950.43	1,993.87	1,898.54	1,950.76	245,600,000	1,950.76
22-Oct-87	2,004.97	2,004.97	1,837.86	1,950.43	392,200,000	1,950.43
21-Oct-87	1,951.76	2,081.07	1,951.76	2,027.85	449,600,000	2,027.85
20-Oct-87	1,738.74	2,067.47	1,616.21	1,841.01	608,100,000	1,841.01
19-Oct-87	2,164.16	2,164.16	1,677.55	1,738.74	604,300,000	1,738.74
16-Oct-87	2,355.09	2,396.21	2,207.73	2,246.73	338,500,000	2,246.73
15-Oct-87	2,412.70	2,439.78	2,345.63	2,355.09	263,200,000	2,355.09
14-Oct-87	2,485.15	2,485.15	2,400.46	2,412.70	207,400,000	2,412.70
13-Oct-87	2,471.44	2,528.39	2,456.92	2,508.16	172,900,000	2,508.16
12-Oct-87	2,482.21	2,504.90	2,433.91	2,471.44	141,900,000	2,471.44
9-Oct-87	2,516.64	2,531.66	2,472.26	2,482.21	158,300,000	2,482.21
8-Oct-87	2,551.08	2,561.36	2,491.51	2,516.64	198,700,000	2,516.64
7-Oct-87	2,548.63	2,570.99	2,511.75	2,551.08	186,300,000	2,551.08
6-Oct-87	2,632.83	2,632.83	2,542.59	2,548.63	175,600,000	2,548.63
5-Oct-87	2,640.99	2,658.78	2,610.97	2,640.18	159,700,000	2,640.18
2-Oct-87	2,639.20	2,662.37	2,622.06	2,640.99	189,100,000	2,640.99
1-Oct-87	2,596.28	2,648.99	2,593.18	2,639.20	193,200,000	2,639.20

According to Yahoo, they'd have saved 82 points.