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 : Pegasus Gold (PGU) hits 52 week low
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jonathan P. Myers who wrote (31)11/17/1997 2:04:00 PM
From: Jack Ryan  Read Replies (2) of 199
 
I have been a shareholder of PGU for sometime and, therefore, have obviously lost dollars waiting for the gold turnaround. So I throw
out this question (which obviously many others are thinking about too)
for your whatever answers those of you on the thread would be so kind
as to give. Basically 3 choices:
(1) BUY SCENARIO:
buy some more now on the gamble that (a) there will be a "dead cat bounce" in the short term and then sell out the position or (b)
buy some on the speculative gamble that PGU will survive either on its
own restructuring or on a rise in the gold price and therefore a return to a 5 to 7 dollar price or higher depending on circumstances

(2) SELL SCENARIO:
sell now and join the panic. But often a crowd panics for good
reason and the price will just go much lower so get out with your
underwear at least.

(3) HOLD SCENARIO:
just hold and don't risk more capital but don't sell out.

I would appreciate hearing your opinions, thanks, Jack.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News