Dines Sells Pinetree

[JDH]

I can't believe it.  After all these years.  http://www.buy-high-sell-higher.com/2011/03/31/dines-sells-pinetree-thats-amazing/ 

[sunseeker]

For the record. I sold my remaining PNP today.
Because I'm almost totally reliant on my investments for income...

I'm forced to take profits now and then.

I did the same thing last year and was able to buy them back again at a much lower level.

The hint was in the post I made recalling Davidslane's observation.

http://buy-high-sell-higher.com/forum/general-discussion/bearish-forecast-t719.0.html;msg3835#msg3835

But every year I've held uranium stocks: 2004, 2005, 2006, and 2007, I've gotten killed in the summer. From late April (or mid May) until mid summer. Every year I think this year will be different. And it never is.

Hi JDH
So I'm ahead of the curve?

Back to James Dines.



A 4.7% increase on the back of a Dines sell recommendation. Has he lost his touch? It's so much harder to get his mass mentality approach to work on larger cap stocks. Proving that if you do follow TDNL you still have to think for yourself. If you follow his recommendations blindly you'll more than likely end up in the dark.

Maybe Dines was stung by the criticism he got last time around when it was drawn to our attention?

http://buy-high-sell-higher.com/forum/general-discussion/portfolio-construction-for-uranium-related-assets-t1156.0.html;msg13820#msg13820

While Dines was pumping Inwentash was dumping.....
 


Although I'm not at present holding any PNP I like the exposure that PNP can give you to the juniors and I'll almost certainly buy back at some point. Sheldon Inwentash through PNP has made me good profits everytime I've held the stock, and for that I'm very grateful. Even the best fund managers can't buck the trend unless they have a very open remit. The best they can do is to limit any downside. In the due coarse of time we will find out what action if any Mr Inwentash took to protect the share holder value after Japan. I'll be very surprised to find that he hadn't taken any action at all. As a result I'll also be surprised to find that NAV isn't higher than most people anticipate it to be.

ATB 

[MetalMeister]

I can't believe it.....

Do he do it on an alert message?

[JDH]

No alert. No message of any kind.  Just an update saying that stock #xx in portfolio #x was stopped out.  You would have had to read very carefully and cross reference to actually find it.

[MetalMeister]

I cannot understand why he did it unless he is convinced that the holdings of Pinetree are not worth the speculation.

I think we have all long believed there is no rhyme or reason as to what miners Pinetree buys.

Very few of them are miners with the goods in the ground and headed towards production, if any.

Could it be that Jimmy Dines got taken in during all the Uranium Bull Market hoopla and was also buddies with Sheldon and that influenced his decision making?