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Gold/Mining/Energy : ARP - V Argentina Gold
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To: Michael M. Cubrilo who wrote (1217)11/12/1998 7:11:00 PM
From: Famularo   of 3282
 
I tend to agree with most of your comments/strategy. I traded the stock a few times, during the past month. I have maintained a zero position on ARP since my last sell at $3.15. At that time, the stock kept going up but but we never know the exact top on the stock. Thanks to MM, I got in at basement prices.<gg> Here are my comments. It doen not take a geoligist to figure that the fundamentals have very good potential to develop this project into a future producing mine. I had also stressed on this board, during the runup that speculators exercise profits as the stock gained too fast in a little time frame. From the personal emails I exchanged, it looks like most of us have taken profits.

However, let me assure you that the stock will have another technical rally soon. It has not attracted a buy signal yet but I am watching for a little more of a selloff before I move in for some aggressive buying for a profitable trade. It could be as early as tomorrow. The way the stock was overbought during a short period of time, it may be creating an oversold position too quickly. Look for a rebound late tomorrow or Monday. It will toy with $2.00, and if it hits $2.00 it should trigger stop loss orders. After that, imo, it will be a good buy... Therefore, money can be made a few times with Argentina before January.

Regards
Fast Frank
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