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Gold/Mining/Energy : Naxos Resources (NAXOF)

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To: Eric Tai who wrote (5726)11/18/1997 11:03:00 PM
From: Ed Huang   of 20681
 
Eric, Thanks for the brief summary of Jay Talor's record.
Which helps us understand about the performance of his
newsletter. I don't know exactly how he calculates the
gain/loss numbers, but the year to date number -23.3%
doesn't sound bad under the current gold market situation.
Most of the gold stocks have moved down 50% + in the recent
months.

In our case, I agree with many investors in the thread, JT's
problem is the timing and motives problem when he recommended
sell NAXOS and buy IPM. It would sound fine if he recommended
taking profit from NAXOS for now because he was unsure about
the NAXOS situation. But why he strongly recommended buy IPM
right before and right after the bad news release? Not to
mention the other problems, how much is a 0.03 assay report
worth? As I said before, does JT care about the true
fundamental when he strongly recommends a stock to his
clients or does he really care what's in the groud when
he makes the recommendation? Obviously not. There's
something else in his mind.

IPM case will give JT newsletter another heavy blow, I agree.
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