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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

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To: Harry Roberts who wrote (10371)5/13/1999 10:27:00 PM
From: Zeev Hed   of 14226
 
Harry, gosh, I was not aware that I reached the status of demi-G-d here or anywhere on SI. But to the extent that some people listen, it might very well be because this turnip farmer (fell from a turnip truck in the old IPMCF days) did not do such a bad job for the last two years in deciphering the up (very few) and downs (quite a lot) of this stock (and IPMCF's stock as well).

As for TA not working with low volume stocks, you are right as far as most momentum and money flow indicators are concerned, but you must admit that the low volume itself is a negative technical indicator, and when no one is stepping to the plate at prices where before they were buying (at $.22), that is a breach of a resistance level that should not be ignored. When that happens within days that the company issued what was supposed to be a glowing press release, it should be taken as a strong warning signal that many more disenchanted sales will not be matched by enthusiastic buys.

I was under the impression that some 90,000 new investors would be acquainted with GPGI and thus provide new fodder, but apparently, that advertising campaign was either delayed or cancelled.

Zeev
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