SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Alta Gold

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Texas77 who wrote (197)7/12/1997 7:19:00 AM
From: Francois H. Gaston   of 749
 
I am even on ALTA because I failed to sell at 4 when my shares were bought at 3 1/8...
In any case: candlestick pattern for ALTA is now very bullish (even though the price action does not seem to indicate this!).
In Barron, I hear that there is a very negative article on gold. I will have to buy it today.
I like that because maximum pessimism is when bargain hunters come out of their closets. A positive article would not do much for gold.
An example when Barron (Ableson editorial) was wrong was when Abelson talked Compaq down for 2 weeks in a row, about 8 weeks ago: result: from the 80s CPQ never went up to 125$ and never reallly looked back.
Let's see the contrarians and risk takers hunt for bargain goldstocks (like ALTA!).
Dave: I have the same probleM: kids will go to college and I am taking big risks at this time, and now with ALTA (40% of my portfolio, which is maxed on margin: not the thing to do... I know!
Good luck
Fran‡ois
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext