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Gold/Mining/Energy : Imperial Metals (IPM.T)
IPM 1.890-0.5%Dec 8 3:59 PM EST
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To: Bobby Yellin who wrote (27)12/15/1996 11:13:00 AM
From: Roman de Guzman   of 1366
 
The high for the week was $2.34 and the low was $1.85 on Friday. It closed at $2.04 with a volume of 131,700 shares.
When the low was $1.85, someone picked up a big block that shored up the price to $2.10.
This stock is just waiting for the mining market settle down on its down syndrome. I picked up some shares on Thursday.
My analysis of this stock is like that of my boxing idol Muhammed Ali. He may be beaten for a few rounds but he will come back to knock out his opponent.
That is how great the stock is. Once Cathedral Gold, and Colony Pacific starts bringing some profits for IPM, you may not be able to chase this stock anymore.
Remember, when I posted this stock on Sept.15. it was only $1.26, now it is $2.04, a gain of 62%. We can easily gain 300% on this stock during the first three months in 1997.
Any comments on this stock will be appreciated.
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