I originally read his book thinking that in terms of swing trading his setups would be fairly short term, but found later that he will often hold much longer than I am comfortable with, afterall his method is basically taking swing trading profits with the intention of holding a long term winner.
For me this was just too much holding as I am a rather impatient trader, but the few setups that I did trade i was profitable on, from what I have heard however you may be better off reading jeff cooper's hit and run trading books, however i would certainly not consider landry's book a waste and still do enjoy reading his trading markets commentaries.
I would also have to agree with the other members who said he is a very nice guy, as I have talked to him via email several times and he is always prompt and very informative as well.