I received the following comment from Peter
posted on
Jul 25, 2012 03:09PM
Edit this title from the Fast Facts Section
Chris
One of your contributors at that agoracom thread has been sending me comments made by you and others about me. I’m much appreciative of your kind words but realize like I had years ago that you can’t please all the people all the time.
I do find it funny that critics of mine like this candide poster continue to read my work despite having nothing good to say about it.
People like him/her only see what they want to see. He writes about me taking down my Tracking List as if it was underhanded or because it did poorly. The fact is the performance of all past and current stocks in that list greatly outperformed the markets and most stock portfolios. During a legal review to make sure I continue to conform with all Canadian and U.S regulations, it was viewed that the list could be deemed investment advice and no newsletter writer I know is registered as investment advisers and therefore are in violation of regulations in North American. Just as they are when most don’t note their personal holdings.
I also believe most others suffer from select amnesia and very rarely note past forecasts that failed to materialize. I think I go out of my way to note my faults and underplay my successes. I challenge posters like candide to find anyone more objective than me. I can show him a boatload that aren’t
And yes, my livelihood is derived from assisting public companies in corporate development and communications. Unlike other publications that disguise and deter letting readers know of their compensated work, I think its abundantly clear of what I do. Is anyone being forced to enact on any of my clients in order to read my blog? Is there a gun pointed at them that will fire unless they do something? Did they pay or have to provide anything in return for access?
To those who say how can I be bearish on stocks but bullish on juniors please make sure you listen to everything I say and not be selective.
First off, I’ve been both bullish and neutral on equities as well as bearish over the last few years. Secondly, I have never suggested a large percentage of one’s portfolio in juniors no matter where I stood on the general market. Not only have I sad to the point of ad nauseam that the vast majority of juniors will fail over time and buying and holding is a loss cause, but I spoke numerous times about how in a sharp general equity downturn investors aren’t going to sell their stocks and bonds but buy juniors. They will go down too.
I find it ironic that the harsher the critic of me, the more they show lack of due diligence before opening their mouth.
Like I said at the start, you can’t please all the people all the time. Feel free to post all of this and don’t feel a need to answer to my critics. They all lack many things in common starting with lack of ownership of mirrors.
God Bless
Peter