warm fuzzy viewpoints abound on gqc...... Int'l Speculator downgrades Goldquest to sell
2014-11-27 20:42 ET - In the News
The International Speculator, in its Nov. 7, 2014, issue, downgrades Goldquest Mining Corp. (recently 16.5 cents) to a sell from a hold. The newsletter said buy three times between Sept. 6, 2012, and Feb. 6, 2014, at prices ranging from 28 cents to $1.56. Assuming an investment of $1,000 for each of the three buys, selling the $3,000 investment yields a loss of $1,914. The writer says Goldquest has disappointed the market "and may not survive a crash." This month the Speculator's usual emphasis on buy advice has been replaced with holds and sells. It says buy nothing, hold great companies, sell weaklings ... wait "to buy near a new, much lower bottom -- or in a month or two, when the present danger has passed."
What will mgmt do to prove Casey wrong? I'd start with some insider buying to help restore shareholder confidence followed by release of the optimized pea.
I really question what Casey is suggesting subscribers do here. Sell everything into the weakest part of almost every year (tax loss selling) and what, buy it back 30% higher in January when the pain point has passed? I'm not a subscriber so don't know but selling now seems sketchy to me on just about everything......
Zad