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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: VAUGHN who wrote (86)4/28/1997 12:57:00 AM
From: Tomato   of 7235
 
Vaughn,

Thanks for sharing your picks. It made me think of that pompous little "expert" and former partner of George Soros, Jim Rogers, who has been recommending that everyone short DeBeers for the last 2 or three years in Barrons. Short diamonds, he says. What's interesting is that in an interview with him in the book Market Wizards, he told the interviewer that he couldn't think of any mistake he had made in years in investing. I wonder how much he's lost my shorting DeBeers so far. Ah, experts!

As to seasonality, I see from the John Hainey, Eagle "Seasonality of Diamond Stocks" report that we're near the time of year when it's been a good idea to bail from diamond stocks. You think the summer drill program at Snap Lake for Aber and WSP will change that scenario? Is there a specific month you usually take your money out of diamond stocks?

Tomato
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