Thursday January 24 2013 - In the News
Brien Lundin, in the December, 2012, to January, 2013, edition of the Gold Newsletter, says he is ceasing coverage of Dynasty Metals & Mining Inc., recently $1.63. Mr. Lundin said buy Dynasty three times between January, 2006, and May, 2007, at prices ranging from $2.15 to $5.70. Assuming an investment of $1,000 for each buy, selling the $3,000 position at $1.63 yields a loss of $1,732.
"Cease coverage" is a euphemism often used by brokerage firm analysts, who wish to avoid saying "sell," because it upsets corporate clients. Newsletter editors are not the same as brokerage firm analysts, but they also avoid saying "sell."