Kaiser makes face as Scorpion makes gain
Scorpion Minerals Inc SCP
Shares issued 22,069,327 Nov 24 close $0.65
Wed 24 Nov 99 In the News
John Kaiser, writing in a Bottom-Fish Action for the week of Nov. 8-12,
says Scorpion Minerals moved up on no news, but the letter writer takes
little pleasure in his pick's recent gains to 62 cents. Scorpion was down
from its recent high of 78 cents, but up from its recent low of 42 cents.
Mr. Kaiser recommended the stock in December, 1998, at 31 cents, and again
in June, 1999, at 49 cents. His second buy tip came as investors swooned,
briefly, over Canadian junior high-tech and Internet stocks. Mr. Kaiser
reasoned that if stablemates LatinGold (now travelbyus.com) and Oro Nevada
(now Martlet Venture Management) turned into big Internet successes,
Scorpion would rise in sympathy. As things turned out, travelbyus now
trades in the $2 range, while Martlet finds itself in the lower dollar
range. Their performance was not enough to convince Mr. Kaiser that
Scorpion's gains stemmed from the pair's gains, saying Mike Farrugia's
stocks typically move up on good volume "for no reason at all." He
recommends holding.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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