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Gold/Mining/Energy : Pegasus Gold (PGU) hits 52 week low
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To: John Lacelle who wrote (6)7/25/1997 6:34:00 PM
From: ChinuSFO   of 199
 
I had to jump in for a 1/2 position today . . .

Let me know when you think it's a buy.

Chart looks horrible . . . nobody in their right mind would own this stock . .

My rationale for buying:

o We've probably lost some margined folks (at the $5 mark)
o We've probably picked up some bargain hunters (like me)
o We might even get some bully-bears who are a little affraid of the market's lofty levels (again, like me)
o A .59 price/book ratio!!!!!!
o Gold index up today!!!!

CR
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