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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!
NAMX 0.00010000.0%Mar 7 3:00 PM EST

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To: MarcG who wrote (2012)12/31/1997 9:39:00 AM
From: alchemy  Read Replies (1) of 4736
 
Marc, I would like to respectfully differ with you regarding Waaco Kid.
I used their service for about eight months last year and still receive occassional messages. My estimation of them is that they are a pump and dump e-letter whose investment horizon is a little short of five minutes. I delete all of their e-mails without reading them. I place them in the same category as Bruss' Super Stocks. They are a hype engine for self-fulfilling pump and dump scenarios. They love stocks and then leave them. Unlike Super, they receive no money from the stocks they promote. They just ride the momentum wave.
The event that turned me off Waaco permanently was the GIFS scenario. Waaco issued several alerts on GIFS. I requested and received GIFS financials from the company. They were an inch thick and read like a comedy of financial errors. Even a naive investor like me could see that there was nothing to the company. Currently, the CEO of GIFS is working on his tan in warmer climes outside of US jurisdiction. His company is ruined.
In my opiniom, a rec from Waaco is more of a liability than an asset.

Happy New Year to you and to all the patiently expectant NAMX investors.

marty
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