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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Ed Ajootian who wrote (57102)2/28/2008 11:29:17 AM
From: polarisnh  Read Replies (1) | Respond to of 78417
 
Ed,

Just my two cents worth on PZG... Technically, the chart looks very good right here. Secondly, there has been a significant amount of insider buying over the last few months.

I do not own the stock and frankly had never heard of it before you posted on it. But PZG has been basing out since July 2006 and has shown a sign of strength last month. It is also sitting on the 150-day and 100-day moving average which provides a lot of support.

I don't know how long you have been holding the stock but if you asked me it appears that you are prepared to capitulate just at possibly the worst possible time. Just my opinion.

Cheers,

Steve



To: Ed Ajootian who wrote (57102)2/28/2008 12:50:52 PM
From: Area51  Read Replies (1) | Respond to of 78417
 
Thanks for the thoughts on PZG. You obviously have spent a lot of time learning the oil and gas industry and it likely makes sense for you to focus most of your energy there. These early development junior plays require a lot of patience, and it is hard to be right about the direction of precious metals pricing and not get paid. Something like GSS (a near term producer) is a little easier to time an entry on IMO.

PZG is still interesting in my opinion and may be worth holding on to as a lottery ticket sort of thing without expecting any great returns immediately (see the yahoo message I posted in my other reply))

Best Regards,
A51