Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dale Schwartzenhauer who wrote (38)	11/20/1997 2:42:00 AM
From: Michael Bidder	Read Replies (1) \| Respond to of 199

I was trying to illuminate investor psycologie. I agree with you that bre-x and pgu are apples and oranges . One has gold one was a fraud. My point is that investors when faced with a large loss may go into denial . THis may prevent them from cutting there losses. Or worse thay may average down. Sometimes into oblivion. PGU is cash negitive and the creditors will not let them eat the assets. This company will likely fail. Stockholders will be the last out the door.