The International Speculator, in its April 25, 2016, issue, upgrades Alexco Resource Corp. (recently $1.39) to a buy from a sell, officially, "Buy first tranche on market weakness." The newsletter said buy the Yukon miner-explorer 12 times from May 2, 2006, to Jan. 7, 2013, at prices ranging from $1.30 to $7.80. It then said sell in the Nov. 7, 2014, issue at 69 cents. Assuming an investment of $1,000 for each of the 12 buys, selling the $12,000 position at 69 cents yielded a loss of $9,770. In the current issue, the writer recalls selling Alexco at $8.11 in the March, 2011, issue. However, with the stock at $8.85, the writer was at best unclear, and at worst contradictory. "Take profits/buy under C$7.00," were his instructions. As Stockwatch noted at the time: "The writer has great difficulty typing the word 'sell.' His words leave the reader with a vague feeling that despite the buy, he is less than bullish about Alexco, but not bearish enough to say sell." As for the merits of Alexco today, the writer said, "I think it's once again a hot buy." He highlights Alexco's Bermingham project, a superhigh-grade silver discovery near the mine of the same name whose best result was 10,186 grams per tonne silver over 3.6
metres.
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