James Dines, writing in the Feb. 10, 2012, issue of The Dines Letter, notes a sale of Tournigan Energy Ltd. at eight cents on Jan. 17. He first recommended the stock on Sept. 1, 2006, at $2.20. Assuming an investment of $1,000 at $2.20, selling it at eight cents would result in a loss of $963. Mr. Dines does not discuss Tournigan in this issue, he just includes the sell on the newletter's back page. Elsewhere in the newsletter, he points out that efficient wool processing is a modern technique. As late at the 18th century, he says, cleaning wool was a major operation and there were few satisfactory dyes, so undyed fleece was the most common. Every other colour of wool, says Mr. Dines, had little value; black sheep, for example, were too rare to bring to market and were considered worthless. Herdsman had such a low opinion of black sheep, Mr. Dines says, that their name became attached to "any renegade who rejected conventional behaviour." A fundamental belief of this renegade financial newsletter, he says, is that all worthwhile market moves are oscillations between mass greed and mass fear. By going opposite to these emotions, Mr. Dines says we can better predict market outcomes.