After reading some of your comments in relation to my post, i would like to clarify a few things.
1] EVG is a good stock and has a great economically viable project on its hands. They were bound to move with the underlying commodity price rallying on the bullion markets. For the fact that they will be producing in the near term, this is a good company to put some money in. Nothing wrong with its fundamentals.
2] My concern stems from the fact that a parabolic rise in the share price will hurt its long term pattern. I mean one look at all the stocks that he has recommended shows the immediate rise the next trading day and then a subsequent fall back over a couple of days/weeks. This pattern will hurt many as the share price will need to take a while to consolidate and resume its move back up to the previous levels.
Also, i do not for a second think that information is not passed around prior. Personally, putting in a buy price and then indicating that figure as the price purchased on their newsletter [although this is just hypothetical cause no pruchase was ever made] and then claiming a huge % increase post - is something to ponder about.
Call me old-fashioned but if someone told me or gave me an investing tip, the first thing i ask is if he/she had put their hard earned money into it. At least i put my money where my mouth is and indicate that prior to any opinion i give and base it on factual events and documentation.
But THAT IS JUST MY OPINION.
EVG Price at posting:
19.0¢ Sentiment: None Disclosure: Not Held
