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Gold/Mining/Energy : Pegasus Gold (PGU) hits 52 week low -- Ignore unavailable to you. Want to Upgrade?

To: Jonathan P. Myers who wrote (31)	11/17/1997 2:04:00 PM
From: Jack Ryan	Read Replies (2) \| Respond to 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.