To: +The Fix (7307 )
From: +E. Charters
Wednesday, Jul 22 1998 9:46AM ET
Reply # of 7332
<<< I am unwilling to speculate as to why others back certain stocks. I suspect as many do
that some backers do get free stock as they have an enormous influence on the market.
Kaiser is not an engineer nor has he done any exploration. He seems accurate in his
analysis but while seeming to be in depth it falls in my opinion into the little knowledge is
a dangerous thing category.
I know Kaiser's backing out of Montello dropped the stock considerably. I suspect that
is because Montello has a no-explore strategy and their 80 anomalies are awaiting a
major's risk money which will be a while coming. I know the management and could
have told Kaiser that.
Too bad more juniors did not do grass roots work as they used to in the 50's and 60's.
They might find more mines. If you ever wonder why Only Ashton is coming up with
pipes, don't. They are the only ones who have the faintest idea what they are doing and
are actually drilling anomalies. (I see where Marum has poked a few holes. they need to
poke about 20)
Sanford is on strike with the dyke and is contiguously kitty corner with Winspear. They
have no money and are waiting for a deal. They made a deal with another group on
some other ground on a farm out but New Claymore and Cambridge are the same deal
as Montello (same people) --> Do enough work to keep the ground and sit on it. Wait
for a buy out by a major. Not good enough I am afraid. The word amongst these
promoters is never drill your claims and kill the mine while the play lasts.
Major General has some nice pipes in the Arctic but with DeBeers as partner don't hold
your breath for a mine or even results that will excite you.
EC<:-}
echarter@vianet.on.ca
The Canadian Mining Newsletter, Mother Of All Investors That Have Lost Their Minds.>>>
Pal, I know that your are sick and tired of me and that's the way I like it.
J. Kaiser is a bottom-fisher, and to make money following his recommendations, one has to follow his ten rules. Show me a newsletter writer that has a 100% "hit" record? What's your record Eric? Which stock did you recommend lately that went straight up? What stock did you recommend in your sad "newsletter writer'" career that went up at all, at any given time? I demand to know!!!
Okay.....I couldn't care less, say it to the priest.
You are being rather hysterically funny attempting to question John K's credibility.
Allow me to say this in regards to J.K.:
One of the main problems is that whenever J.K. recommends a stock the next day everybody is buying it..... pumping up the price. Did he ever tell his subscribers to buy the stock the next day? His personal strategy that he willingly shares with his subscribers is:
Accumulate the bottom -fish on weakness and hold it for at least 2 years. Wait for the spec cycle to kick in, don't wait for goods. If I applied his rules right from the beginning I'd be sitting in my Learjet and have a personal stewardess serve me drinks, preferably "Bloody Erica" (my own recipe, you see).Hey, I'm just human like the next guy ......greed is overwhelming at times!
Montello is a classic in case you haven't noticed that. Since you are correctly claiming that ACA knows what they are doing and MEO doesn't, may I suggest looking at the whole scenario at a different angle and somebody who is in the business for 20 years like yourself should know.
If ACA is successful in finding what they are looking for , satellites will go up.
MEO holds prime land....you figure out the rest.
MEO's stock didn't go down because John backed out of the stock, it went down along with all ADPs.
No rumors, no news, down baby down.
When one gets ticked off with the management for one reason or another, one might as well sell. Don't blame him for having some rationale.
Your theories are as sexy as your beer belly.
Give us a break!
Look at your last name and maybe you will come up with some good ideas.
May I suggest that you "Charter" a plane, hop in to the cockpit(alone)
take it off the ground, place it into "automatic pilot" mode and wait for the fuel to run out.
One thing about you is that the more you post, the more credibility you lose and the more I enjoy having a friendly conversation with you.....on the other hand maybe not....... oh, heck if only for entertainment reason........I enjoy it.
Have a lousy evening.
Post Scriptum
J.K. suggested to average down WSP at .56 or so and within a few days WSP hit $2.04. Not a bad recommendation considering that most of stocks in this sector are on the life support system and some are close to the gates of heaven. Can you beat that?
To summarize it I would like to dedicate a song to you by M. Jackson: "BEAT IT" |
