Hello Sudhir,
Thank you for your response. Its good to interact with the people.
My comments:
1) As value investor, isn't NOW, when you lament the interest of institutions in the resource sector, exactly the right time to buy? Its not like de Beers and Inco haven't both doubled thus far in '99. Seems hardly a time to cry poor. Rather a time to lock-n-load. Remember the carnage of '94, just before '95?
2) Clearly, all gold-type investors/analysts have a need to latch onto something else, if only for diversification. In Canada, diamonds must seem irresistible. Thats why the Deustche Bank analyst gets splayed all over the internet for his WSP write-up, but his firm has yet to buy, or sell, a single share of WSP these last several months. Check it out.
3)Your factual agruments in previous posts seemed predicated on ore at higher prices. Why the revisionism? (This should be an easy one to counter-act, please provide lots of detail)
4)That WSP shot up last year after JP bought a hunk was great for investors/traders. Are you saying that you recommend WSP now BECAUSE OF AN EXPECTED DILUTION, rather than some factual, compelling development? I might be a little naive, but should a Newsletter writer be offering BUY recommendations based on WHO bought a PP rather than a factual analysis? At this point it is necessary to ask if you have ever been compensated, directly or indirectly, by people who have vested interests in WSP?
5) Markets go up and down. So what if its been tough in the resource sector. Isn't it your job, as "Resource Guru" to steer your subscribers around the pot holes, and towards the pot of gold?
Looking forward to your response, and not another list of platitudes,
Confluence |
