Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Fishfinder who wrote (22634)	10/22/2003 12:57:18 PM
From: Michael Bidder	Read Replies (2) of 39344

Don't get me wrong Scott I believe Elizabeth is right. IVN is overvalued. I read her comparisons to VB. She convinced me. I am not convinced it's a good short candidate. This stock has is momentum behind it. If you are willing to wait 2 years to cover your short and can ride out the inevitable valuation in front of you then go ahead and short. A long wait and the necessity to add margin will reduce her ROI. Elizabeth may have to add funds to cover her margin, and wait a long time to get into the money. If they produce a mine she may be waiting 5 years or more.

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