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Manuel Asensio versus Eric Sprott


I feel terrible to say that and I really mean it, but I bet on Manuel Asensio.His specialty is betting against false promises of companies that try to con investors with incredible patent on the way that of course never materialise.

Now Manuel Asensio is betting against Timminco (CA:TIM) Eric Sprott's famous stock pick!


April 19, 2008          Timminco Generates More Heat Than Light                              Barron's
April 21, 2008          Light shed on Timminco's high-flying stock                              Financial Post
April 21, 2008          From hot stock to target                                                        Globe and Mail
April 21, 2008          Timminco stock slides as silicon plans questioned                    Reuters
April 21, 2008          Timminco Weighed Down By Debate Over Production Process     Dow Jones
April 21, 2008          Timminco defends silicon plans as shares slide                        Reuters
April 22, 2008          Some Timminco brass cashed in early                                     The Globe and Mail 
April 22, 2008          Timminco declared a short                                                     Financial Post
April 22, 2008          Timminco shares prove tricky to short                                      The Globe and Mail
April 22, 2008          Q-Cells backs challenged silicon supplier Timminco                   Reuters
April 23, 2008          Timminco saga has its problems                                             The Globe and Mail
April 23, 2008          Timminco tries to placate investors                                          Globe and Mail      
April 24, 2008          Timminco's plunge painful for Sprott                                        Financial Post
April 24, 2008           Sprott IPO steams ahead                                                      Globe and Mail      


So what do YOU think?
             
By pelcmarek at 2008-04-26 01:20 | Stocks | pelcmarek's blog


RE: Manuel

I'll bet with the billionaire, Eric Sprott.
By Theo at Sat, 2008-04-26 02:07 | login or register to post comments

Wall street most feared short seller - Asensio


1.Insiders are already out except for Sprott. (Heinz Schimmelbusch,Safeguard fund)
[Pocketed more than $390 million US]
2.Company doesn't make money,doesn't have P/E ( dot.com area ?!)
3.Patent that Tomljenovic cheered is just an application
4.At the end of March 5 million shares have been shorted already
5.holy grail with no research,no capital expenditures,no outside corroboration
6.no analyst has seen the production process ("It's the secret" :-)
7."Timminco is claiming that they have solved one of the world's biggest problems,which is removing the boron and the phosphourus from naturally occurring silicon economically"
8.no experts were allowed in,no data about the process
9.their rival Dow Corning attempted to use similiar technology and found it ineffective
10.everything known about oxidating silicon at high temperatures and then stirring it has shown that the process is uneconomic
11.first they lent them $4.5 mil then they announce holy grail and then cash out $390 million




By pelcmarek at Sat, 2008-04-26 07:48 | login or register to post comments

RE: Wall street most feared short seller - Asensio

Some good points that I know nothing about.  I guess we'll have to see!
By Theo at Sat, 2008-04-26 13:05 | login or register to post comments

Another Timminco negative story

From the Financial Post talking about the CEO and his other failed ventures.
By Theo at Sat, 2008-04-26 13:10 | login or register to post comments

Timminco stock options


I think this could be interesting to watch:

Timminco stock options:

Unfortunately they offer only October puts and the lowest strike is 17.

Here is website of the stock exchange.

In case that you use interactivebrokers.com you can put it to your tracker and here are the symbols.
By pelcmarek at Sun, 2008-04-27 14:10 | login or register to post comments

contact

Pelcmarek, I would like to speak with you, not because I am longing for any stock picks ;-) 
but because I have an interesting idea, related to value investing in the EU.
By casey at Tue, 2008-04-29 06:16 | login or register to post comments

RE:Contact


Casey,

here is my contact: pelcmarek@yahoo.com 
By pelcmarek at Tue, 2008-04-29 13:38 | login or register to post comments