Addicted to Profits Track Record
Addicted to Profits was ranked 5th out of 300 market newsletters by stockfocus.com, for portfolio performance for the 2-year period ending October 31, 2003. In addition, David Skarica placed second in the 2003 Globe and Mail stock picking contest after his selection, Eldorado (EGO) gained 95% in 2003.
Dave has made correct calls on the markets for many years, here are examples of profitable predictions :
1. In October 1998, Dave recommended that his subscribers, purchase industrial stocks and call options, this call arrived within days of the bottom of the market.
2. In December 1999, Dave notified all his subscribers that the Internet bubble was about to burst and he suggested they take profits in their Internet positions. The timing of this bulletin was dead on.
3. In November 2000, Dave authored an article published in Investor’s Digest of Canada predicting that the NASDAQ could fall another 60-90% and should bottom in 2002. Further, Dave advised investors not to touch Cisco Systems (CSCO) and Sun Microsystems (SUNW) “with a 90 foot pole”. Subsequently, the NASDAQ fell by 70% and bottomed in October 2002. Cisco Systems and Sun Microsystems lost approximately 90% of their value between November 2000 and October 2002.
3. In late 2002 Dave recommended that his subscribers buy on the dip in gold stocks. Gold stocks soared in 2003.
4. Dave stated that 2003 would be “The Year of the Junior” stating that I would be the first year that junior gold mining stocks would out perform their larger compatriots this is exactly what occurred as juniors lead the way during the gold bull market that year.
5. In the spring of 2004 Dave recommended a short term buy on gold stocks. This buy was issued on THE DAY most gold stocks bottomed.
6. Some of Dave’s best stock picks include gains of over 800% on Nortern Dynasty, 500% on Desert Sun Mining, 300% on Full Metal Mining, 300% on Goldfields, 200% on Trigon Exploration and 300% on Paramount Mining plus many others.
7. In early October 2006 Dave recommend that his subscribers purchase on the selling panic in Gold stocks. To date this recommendation occurred within 3 trading days of the low for gold stocks. Dave also stated that the Amex Gold Bugs Index (HUI) should bottom in the 270-280 range, which is exactly where it bottomed.
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