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Gold/Mining/Energy : Position Trading in Canada -- Ignore unavailable to you. Want to Upgrade?

To: Friend who wrote (1337)	6/24/1999 6:57:00 PM
From: Ward Nicholson	Respond to of 2259

PRX: I still follow PRX myself, but like you I'd take no more than a small position at this point. I'm being very careful with PRX. There remain financial issues that Probe has yet to deal with. That's why the market isn't bidding the stock up. In other words, I'd be more willing to buy PRX at $1.00 (on the way up, knowing that they will survive), as opposed to buying PRX right here at $0.50 and basically betting that they'll survive. Of course you don't make as much by waiting for the green light in the marketplace before taking a position, but I'd argue that the probability of making money on that position is much higher by waiting for that green light. Just my opinion. WN