Brien Lundin, in the December, 2012, to January, 2013, edition of the Gold Newsletter, says he is ceasing coverage of Argentex Mining Corp., recently 20.5 cents. Mr. Lundin said buy Argentex seven times between May, 2008, and November, 2011, at prices ranging from 40 cents to $1.29. Assuming an investment of $1,000 for each buy, selling the $7,000 position at 20.5 cents yields a loss of $4,718.
"Cease coverage" is a phrase used by brokerage firm analysts, who wish to avoid saying "sell," because it upsets corporate clients. Newsletter editors are not the same as brokerage firm analysts, but they also avoid saying "sell."
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