Wren- In re: "The F.C.X. Newsletter, which is conservative (and
not a market timing service). In June, FXC called for selling one-
half of the big cap positions to prepare for a great buying op-
portunity in the next several months."
Is this selfsame F.X.C. newsletter written and published by
Francis Xavier Curzio? Mr. Curzio is on record as having
predicted the market crash of October 1987. He is often
featured in the Wall Street Journal as a participating stock
picker in its famed "darts vs. professional stock pickers"
contest. However, my understanding is that, contrasted to
Brinker, this man leaves investors craving impressive returns
and superbly timed buying opportunities wanting. Indeed,
Mr. Curzio, the hero of 1987, lost considerable face, if
not followers, when he joined the panicked chorus on 27
October 1997, when the DJIA dropped 554.26 points,
losing 7.19% of its value that day. On the instance of that
decline, a grim-faced Curzio, speaking on CNBC-TV,
declared the end of the bull market, if memory serves.
As an aside, is Frank Curzio still advocating Coastal
Caribbean Oils and Minerals as the "buy of the century"
or exhorting his subscribers to buy Magellan Petroleum
and Canada Southern? |
