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Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?


To: Mama Bear who wrote (6421)3/7/1998 4:16:00 PM
From: Natedog  Respond to of 10836
 
FYIB

forums.stockhouse.com



To: Mama Bear who wrote (6421)3/7/1998 4:25:00 PM
From: Fulvio Castelli  Read Replies (1) | Respond to of 10836
 
Barbara, I want to share some of Mr. A's mistakes with everyone here on the forum to prove he's not completely infallible. (I mean we ALL make mistakes right?) I've already posted a few. Now here are a few more:

forums.stockhouse.com

forums.stockhouse.com

forums.stockhouse.com

Oh, and Barbara, you yourself might be PARTICULARLY interested in this little gem:

forums.stockhouse.com



To: Mama Bear who wrote (6421)3/7/1998 4:28:00 PM
From: Fulvio Castelli  Read Replies (1) | Respond to of 10836
 
Now stop that name calling or I'll report you to the Big Chief! Fullofit indeed! Jeez, now I'm hurt! :-(( I hadn't heard that name since the sixth grade. :-((



To: Mama Bear who wrote (6421)3/7/1998 4:54:00 PM
From: flightlessbird  Read Replies (2) | Respond to of 10836
 
To all: Information re: Assensio will be forthcoming soon that will provide some forewarning to shorters that your messiah is leading you down a false path. Prior to Assensio's report, the short position on this board was dominated by Viper, who is quite obviously one of Assensio's soldiers. Other shorters, such as Peat Moss and Charred, couldn't even understand HOW to short a stock (see my earlier posts regarding Charred's inability). The rest of the shorts have migrated over purely as a result of Assensio's reports. Be very careful. Ask yourself some questions:
1. If you faced losses in excess of 200% (with a ceiling unknown) by shorting a stock at $5US and faced a covering situation potentially in excess of $15 (and perhaps much higher), what length would you go to to stem the tide?
2. Why has PDG suspended its operations due to "judicial uncertainties" (as it has stated publicly) and why have they suddenly distanced themselves from Assensio's reports?
3. Why would Assensio's character assassination of Marc Oppenheimer consist merely of a missed $650 exchange fee payment by a former company?
4. Why would the co-drafter of the Venezuelan Constitution (alongside Chief Justice Gomez), the former ambassador of Ven. to Spain, and the nation's leading environmental concern proponent be elected to serve as President of Minavenca, a newly formed entity through Crystallex?
5. Would the fomer vice-chairman for 15 years of one of the most respected and powerful private investing firms in Canada, Gordon Capital, leave his position to become the Chairman of Crystallex's board if it was simply a promotion?
6. Why have the most recent insider selling reports documented NO INSIDER TRADING WHATSOEVER by Crystallex since its self-imposed insider trading moratorium on December 16, 1997, even in the mids of Crystallex's runup from $3 to $8?
7. Why did hundreds of demonstrators in support of Crystallex appear on Venezuelan TV yesterday to lobby Chief Justice Gomez to issue her decision already on who controls Las Cristinas?

I could go on for pages. I won't. This "investment banking" firm is behaving quite like a penny stock promoter in the media sensationalism he is trying to generate. Have any of you ever heard of analysts at respected brokerage firms going to these lengths to make their sell recommendation known? Do you find that suspicious? The stakes are high and if you read Assensio's statements closely you will see the signs of a master psychologist at work seizing upon investor psychology and emotion. Information will be available soon for you to better evaluate this "short messiah" many seem to follow with a herd mentality. Consider this a warning. This one-man show will collapse very soon. You may think his website is spiffy, but you haven't heard it all about Assensio. You haven't even come close. You should know quite a bit more about Assensio by tomorrow evening. Stay tuned.



To: Mama Bear who wrote (6421)3/7/1998 5:11:00 PM
From: Fulvio Castelli  Read Replies (1) | Respond to of 10836
 
I also thought I'd share with you the following post from 'Loyd', an institutional broker from Beverly Hills:

In Wall St., the hardest thing to do well is to sell. How often have you heard seasoned and respected professionals say they buy well - but are not good sellers.

'Too low' is easier to detect: P/E, P/B, asset play, div. yld., etc. Good benchmarks wisely observed can often result in good investments.

'Too high' is much dicier. Most pro.'s are not such good sellers. Warren Buffett gave up selling altogether! ( small joke ) Obviously, lots of people do short stocks. Most will hedge. The options markets have made the shorting practice less dangerous and more businesslike. The original hedge funds were called 'hedge funds' precisely because their charter called for short positions to be balanced with Long.

But now we have an operater who specializes in the most difficult of speculative endeavors - short selling.

I agree with bird's recent comment that the price range of KRY is uncharacteristic for Mr. A. That's an incremental risk, and an unhedgeable one since there are no options trading for KRY. I am also of the same mind regarding the danger found at the $8 level for Mr. A.

Knowell's demonstration of Mr.A's record brings to mind the possibility that Mr. A is in trouble with his investment performance and is willing to take these risks to get the results he wants. He, being a de facto gambler by emphasis on the short practice, surely knows that you 'double up to get even'. (I wonder if his broker has asked him to move his account yet?)

He is short at $5. He did not cover in Jan when he should have. It hurt at $8. He is therefore fully committed to KRY short. Maybe, just maybe, he didn't cover this week. After all, it only went down to $5 - no serious profit for him yet.

Maybe, just maybe, the selling storm was way overdone. (I hesitate to review the % of the company that changed hands this week.) Have the shorts exhausted their bid-hitting long positions yet, have the margin accounts been squeezed enough. All the stop orders were surely taken out. And I expect a lot of just plain fearful selling occured.

Maybe, just maybe, next week will be very interesting and profoundly satisfying.

Asensio delenda est!


Interesting no?