Wednesday, September 24, 2008

Trading Post (caveat emptor edition)


I did some ringing round, and now officially warn that Apex Silver (SIL) is being kicked around by professional scummy shorts and pump artists. I said "avoid" yesterday, i now add "like the plague" to that call. Don't go near this crapola....no short, no long. You cannot beat this kind of BS manipulation, you can only get lucky and guess right at the right time. Don't fool yourself, and unless it's an official filing you can no longer believe a single word you read about SIL. The stock market attracts the dregs of society sometimes like flies around shit (or should that be honey?).

Dorato Resources' (DRI.v) 22% jump today looks very sexy until you see it's just one single cross trade of 10k shares. Regular readers here will know more about this stock than most ;-)

Telecom Argentina (TEO) is catching my eye again. Last week's dump has washed through and it's up 5% at $12.90. Not buying anything, but if this shows confidence in the days to come it'll get on the shortlist.

Inca Pacific (IPR.v) is putting in a bottom at last? Jeesh, what a bad trip this has been. Great fundamental value, serious management and an advanced copper/moly project. Zero love from the market. Another positive to note is how CEO Tony Floyd has kept buying his own stock on the open market all the way down without selling a single share. He knows a bargain, at least.