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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: Ward Nicholson who wrote (841)	3/16/1999 8:37:00 PM
From: keith massey	Read Replies (1) \| Respond to of 2259

Nice write up Ward. I have also kept my eye on these recommendations and can't believe that "The Investment Reporter" is able to stay in business. These guys are off more than penny stock writers. You would probably make more money if you shorted their picks. Although I read the recommendations from writers I put very very little faith into anything they say. It is a very rare writer who picks stock at the bottom. Even rarer is a writer who issues a sell recommendation near the top. I feel better doing the DD and charting myself. At least then I have nobody else to blame. Best Regards KEITH

To: Ward Nicholson who wrote (841)	3/16/1999 8:58:00 PM
From: Buckey	Respond to of 2259

Ward - Good work - Personally I do not subscribe to any newssletters and if I did it would only be so I would be aware of why a stock might be peaking - EG: sometimes Kaiser will put out his monthly or whatever letter and the stox will jump a little - I dont why they are peaking so that would be the only reason. Many other professions are accountable for their actions - Lawyers doctors, accountants but newsletter writers often help explain. I dont intend to pick on jkaiser because I think he is also the first to admit that his picks in 1998 lost 60% in his imaginary portfolio. I am glad I in the ballpark with him - LOL

To: Ward Nicholson who wrote (841)	3/16/1999 9:49:00 PM
From: kingfisher	Respond to of 2259

Ward, I have long ago made this observation concerning the Investment Reporters record.I often short anything they recommend. Richard

To: Ward Nicholson who wrote (841)	3/16/1999 9:55:00 PM
From: joseph schevenels	Respond to of 2259

Ward, I agree, "An image is worth a thousand earnings forecasts..." Years ago i based my investment "decisions" on newsletter info, not a good idea,every now and than there was a big winner,but at the end with all the losers it was a real losing proposition. Good trading Joe

To: Ward Nicholson who wrote (841)	3/16/1999 10:41:00 PM
From: triplehrw	Read Replies (2) \| Respond to of 2259

I agree 100% with your venting. I almost sucked myself into LDM--as it should be a value buy and probably is over time. But these analyst type letters are only good when one can throw a dart and pick a winner. Very little is good in Canada and I believe the fault lies with the control the institutional traders have over the market. We little guys have to demand a way to get more disclosure of trading--there is just too much back room stuff allowed in Canada. The government rapes us on taxes and the Financial guys rape us in the markets--Time for a revolt. We need a real right wing party in power. Mulroney had the right Idea--Go American.. I buy the Buy Low Sell High newsletter---not much longer as todate nothing worth sustantially investing in. I to believe the momentum plays are the best its just too bad we have to get beat by the big guys. One of the first issues I believe in is that institutional trades should have to disclose who they trade for also any insider trading should have to be reported to and by the TSE almost immediately---It would ensure things like what recently happened at Corel would be repeated but when they are repeated the poor small sucker investors trying to make a buck have a chancce to make a decision before the bottom falls out or the top is reached. I am also in a venting mood.