Saturday, May 3, 2008

Crystallex statement torpedoes investors

Any investor who is a stock picker can be the victim of a 'torpedo' stock at least once in a lifetime and if you are an unfortunate owner of Crystallex International Corp. shares, welcome to the club. Crystallex dropped like a rock Wednesday after the company released a statement that raised doubt about the future exploration of Crystallex's Las Cristinas mine in Venezuela.

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