International Precious Metals (IPMCF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Eva who wrote (20448)	9/10/1997 6:37:00 PM
From: Alan Vennix	of 35569

Hello, Eva: Glad you were able to get some more shares - not sure how much longer that's going to be possible. I don't think it was the little guy's greed factor that caused the runup today, though. Look at the 1 day chart :http://www.tscn.com/wsc/timespan.html?TSym=IPMCF?22,9 Buying started in earnest at 11:00 and went until 11:40. Some 120,000 shares traded in those 40 min, most of them between 11:20 and 11:40 and almost all buys. I doubt that a greed mentality among the little guys would have caused such a herd reaction. I think it was more likely an "animal" of one sort or another - either a gorilla adding 100,000 to his position or an Otter doubling up<g>. Even though the apparent trades weren't overly large, I believe that was due to the MM's not being willing to let go of 5000-10000 at a time but only dribbling them out slowly to keep the price going up. Kind of an interesting close, also. In the last few minutes before closing the bid/ask dropped to 6.15/6.19 as one of the MM's was willing to let some go at 6 3/16 even though shortly before there had been some buys at 6.28 and 6.25. Go figure. FWIW, but glad you got yours Alan

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next