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Gold/Mining/Energy : Ontex Resources (ONT Alberta)
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To: Biff who wrote (360)8/2/1999 8:50:00 AM
From: mark warburton  Read Replies (1) of 519
 
Okay everybody we had a pretty rough ride and the worst is over. The market will bottom out in this range so your down side is peanuts. anybody with a high average cost would be wise to average down in this range. Anybody thinking of jumping ship will be sorry.
The company is ready to begin phase 2 drilling and I believe you will be most impressed with results from the next batch of drilling. Robin has gotten his feet wet on the property and will now target the good stuff.
All of our expectations are very high and when you have a market correction in a stock we tend to get caught up in it. No doubt I would have love to have sold at 1.35 and buy all my stock back 3 times over down here. That didn't happen. all of our optimism has turned to pessimism. When good holes are announced and the market doesn't react we look to blame. Hang tight, Rome wasn't built in a day. At 1.35 we were thinking easy 2 -3 bucks and when it returns to 1.35 we will feel the same way. The market in the stock will need to base out for a short period and then off we go again. Judging by the stock chart we are at the bottom of the down channel and I would expect some technical bounce. When we bounce I would suspect a retest of that number and then a move to the upside. Pick your entry points for purchasing stock. And please remeber this when a stock reacts like this you will get someone who will bail at any price, if you see someone jumping off a bridge don't follow them. Hold your stock tight it is in demand.
Mark
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