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Gold/Mining/Energy : Ultra Petroleum (UPL)
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To: upultra who wrote (4535)12/14/1999 6:08:00 PM
From: A. Wayne  Read Replies (2) of 4851
 
Here's my take on the current price drop. So many people like me bought this stock at $6 Canadian that they are selling it now to generate huge tax losses to offset those great gains they made this year in their technology stocks.

If I wasn't so gun shy now, I'd buy here around $1 because it will probably regain that drop thru the winter months.

Just my opinion. Hey, I might even be right one of these days.

My Dad (who I talked into buying UP at $6), wants to sell and take losses to offset gains. I can't bring myself to do it, just because I think that is what has depressed the stock price. And, it just seems to be throwing the stock away to sell it for a buck.

So, I'll probably give it another year to improve.

Wayne
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