I agree completely. I have subscribed to his newsletter for the last three years and I lost money on several of his recommendation. He tells you to hold them when it is at the top and to sell when it drops like crazy. I met him at one investment seminar couple years ago and told him I bought China Life Insurance. He told me he did not like LFC and advised me to buy Ping An insurance instead. I ignored his advice and hung on to LFC. This is the one stock that made me all the money to pay for my losses from all his recommendations. Incurred huge losses on COGO, EJ, LDK etc. He also told us to sell BHP after it dropped slightly from $41 to $38. I listened to him and sold, taking a loss - the stock went on to over $70 after that!
He is the only one making money in all these - thru his subscriptions. He is a joke. I still have the subscription but I dont even bother to read it anymore.