To: c.r. earle who wrote (4437 ) 1/22/1998 12:18:00 PM From: Carl Read Replies (3) | Respond to of 10836
Alberto, Your comments re: the Insider Report at SH have motivated me to respond. Before I start, let me say that I hope I will be allowed to express an opinion without being shouted down or called dirty names like "shorter" (heaven forbid!). I have no position in KRY and don't profess to know where this thing will eventually end up. I'm merely an interested observer. Most of the posters here have long positions in KRY and consequently only see this thing through rose-coloured glasses. I've been following this discussion for over a year and never cease to be amazed at how emotion clouds investor thinking. Every uptick is an indication that the ruling (which of course will come THIS WEEK!!) will go in KRY's favour, every statement by the mainstream press is a lie, everything that Carson, Bishop, SH say is gospel, and on and on. I've even read here that Placer has lied about the construction they've done at L.C! And I suppose they'll even falsify their financial statements at the end of the year to cover their tracks? One thing that I find really disturbing is how easily it is for internet "newletters" like Stockhouse to play these things for their own profit. They appeal to the little guy by creating a David and Goliath scenario where Joe Investor feels that he is on the side of good and righteousness, fighting the establishment (read PDG, mainstream press, corrupt government, etc.), when in reality, he is being manipulated by precisely those he feels are his allies. These "free newsletters" are nothing more than elaborate promotional machines that allow their creators to buy low and sell high. Penny stock investors appear to have short memories when it comes to holding them accountable. If you actually track the picks at SH over a long period of time, you'll see that they deal primarily in pump and dumps. Their long-term record is appallingly bad. They've been pumping mining companies daily since long before Bre-X, right through one of the worst bear markets speculative stocks have ever seen. If they had even a shred of integrity, they would have advised their "subsribers" to go to cash months ago and wait for better times. But then, how would they make a buck if you and I didn't buy their "picks"? Hmmmm . . .