RE: RE: GOOD ANNOUNCEMENT TODAY
Taylor says sell Premium Exploration
2008-10-31 19:32 ET - In the News
JayTaylor in the Oct. 16, 2008, edition of Gold, Energy & Tech Stockstells readers to sell their Premium Exploration Inc., recently 18.5cents. Mr. Taylor said buy on July 15, 2008, at 27 cents. A $1,000investment at 27 cents, sold at 18.5 cents, would yield a loss of $334.Mr. Taylor says he is selling this stock because of a rapidlydeteriorating global economic environment, and not because of a loss ofinterest in the company. The newsletter writer has decided to sellthose companies in his portfolio which do not have a considerableamount of cash on their balance sheets. By doing so, he hopes to turnthese negative markets to his favour, or at least avoid further losses.He plans to keep an eye on Premium Exploration for a possiblerepurchase when there are signs that the current global decline hasabated. With tax loss season approaching, and a continuing decline inthe global markets, he thinks that it is wise for his subscribers tobuild up their cash reserves and buy gold bullion coins.