Buy,Sell,or Hold, average down? Message Board

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Gold/Mining/Energy : Buy,Sell,or Hold, average down?

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To: Ross Mickey who wrote (5)	10/21/1996 8:58:00 PM
From: Ron Pitts	of 26

Ross, Go to hear from you, I am thinking of averaging down on a couple stocks I have (mining stocks) as that is all I do. For the most part I only do so if I still really like the company in this case Argosy is an out right steal at around 1.30 US. in my opinion. even though I own 7,000 shares at around 2.20 US. I;m hoping tax loss takes it to around 1.00 and Ill go for more, don;t really like doing so when I;ve had my head handed to me once aready but I;m expecting some good drill results in the next 60 days or so and hope to get in on the tax selling before the next drill results.I sold acouple reall winners to day HRC. and Greenstone I made very,good money with both hated to part with them, think they will go higher,but wanted some more dry powder of tax selling next month,and December. Did buy a little Delgratia,today and my Manhattan is a double in the past three months when most this stuff is droping badly. Manhattan at around 6.50 US. is still a buy in my mind and it;s at a new high so I don;t see any tax selling coming to drive it down. Best of luck Ron Pitts

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