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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Proud Deplorable who wrote (3809)11/6/2006 12:39:41 AM
From: AuBug  Read Replies (1) | Respond to of 30191
 
RE, thanks for the link to article where Bill Cara trashes KRY:

"If I ever saw a shorting opportunity, it had to be Crystallex International Corp (AMEX: KRY).
...
Crystallex has been a dog of a mineral resource play in Venezuela since when I joined the securities business about 25 years ago.
...
Every few years, the promoters take this jalopy out of the garage and let it go for a run. Pick up a few dollars from Mom & Pop – the ones suffering credulity syndrome – and then head off to the Mediterranean or Caribbean on extended vacation. Several years later, quite often actually, they repeat the exercise.

Nobody seems to learn.
...
I can give anybody the names of maybe 30 gold and silver stocks superior to KRY, so why is Cramer touting this one? Crystallex is actually more a dog than a pony.
...
Definitely never going to be on my buy list."

billcara.com

So what happened? He cashes in shorting it and now he's ready to take this old jalopy for a ride to bilk Mom & Pop out their retirement money?