The Int'l Speculator in its Nov. 7, 2014, issue, downgrades Strategic Metals Ltd. (recently 32 cents) to a sell from a hold. This is the newsletter's second time round with Strategic. It said buy on Jan. 2, 2004, at 31 cents, and again on April 1, 2005, at 22.5 cents. It then said sell on July 1, 2005, at 16.5 cents. Assuming two buys of $1,000 each, selling at 16.5 cents yielded a loss of $802. The Speculator then said buy three more times between Dec. 1, 2011, and Feb. 6, 2013, at prices ranging from 66 cents to $1.39. Assuming another three investments of $1,000, selling the $3,000 holding at 32 cents yields a loss of $1,896. The writer calls Strategic Metals an underperforming company that has done no work "for years." He adds the company may get hammered in a market crash, despite its strong bank account. This month the Speculator's usual emphasis on buy advice has been replaced with holds and sells. It says buy nothing, hold great companies, sell weaklings ... wait "to buy near a new, much lower bottom -- or in a month or two, when the present danger has passed."