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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: JKNF who wrote (3140)3/2/1997 9:52:00 AM
From: john wickenden   of 35569
 
<<Karl, at this time the stock is not marginable>>
Not strictly true, John. Marginability depends on your relationshop with your broker, who like any other lender will lend if he knows you can pay. You have of course to let him sleep with your wife( TAKE HER! you say) I have a friend who can and has bought IPM on margin. Interest rates are rather nasty but in IPM's case that will not matter!
ps. Friday's rise I do not see as a spike up but as a partial correction towards a sensible level. I stress partial. So don't cheer but start up a sustained roar! Trading could still be a jeux dangereux (eh CC?).I would have hated to sell Friday morning to make 1/4 or 1/2!
Your answer was of course correct in most cases.
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