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8/5/09

Par for the course from the sophists at Colossus Mineral (CSI.to)

When a exploration-stage junior gold mining company plays its shareholders for suckers again and again, doesn't it ring a tiny, weeny alarm bell chez vous, too? Here's the PR from yesterday and here's the chart and here's the M.O.

1. Ask Ari to strategically time his press release for just before the closing bell.

2. Scream "WOW!! WOW!! LOOK!!" at the sheep that can't see further than core grades.

3. Sell into the headless chicken buying frenzy.

4. Wait for people to realize that there's nothing significantly new in the press release.

5. Watch patiently the next day for the drop back to pre-announcement levels then buy back position and keep the 10% cash.

Molson Served. The End