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Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?


To: Michael M. Cubrilo who wrote (1217)11/12/1998 6:31:00 PM
From: Enigma  Read Replies (1) | Respond to of 3282
 
Michael "and buy back in early January before the drills start turning again" Are you expecting the drill (not drills by the way) to stop turning soon - or does Christmas come early in Argentina? E



To: Michael M. Cubrilo who wrote (1217)11/12/1998 7:11:00 PM
From: Famularo  Respond to 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



To: Michael M. Cubrilo who wrote (1217)11/12/1998 7:15:00 PM
From: Nathan Hansen  Respond to of 3282
 
thanks for the advice....if I decide to take a good sized position, I may just post after I have. For now, just looking at the tape, and my little holding...

cheers.