Jim,
I think you hit the nail on the head. It cycles as slick as can be with a little forward motion on the slide. I have shot a lot of slide action shotguns, some in anger, and this is the first one that got my goat. Thanks for confirming my suspicions.

Bill,
I had greased it up a little before going out today and the only thing I accomplished was attracting dirt, fouling and unspent powder. Cleaned her up and followed Jim's advice and things are going great guns.

Thanks to all for the advice,
Harry