International Precious Metals (IPMCF) Message Board

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

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To: CynicalTruth who wrote (22124)	10/11/1997 10:14:00 AM
From: Zeev Hed	of 35569

John: I have been perusing through the thread reading few posts here and there to get a "taste" of the mood. All the exuberance has gone. The IEI is stuck at a minus 3 and for quite some time. I even noticed few posters stating that they have received margin calls (who in his right mind would buy IPMCF on margin?). All these indicate to me a major buying opportunity coming up. I can see in my tea leaves a cathartic decline to the mid 3' before a turn around materialize. Now, do not get all excited, I still do not see this stock recapturing the old highs anytime soon, as a matter of fact, even 8 seems now out of reach, but a good 50% to 100% bounce from the mid to high 3's might be worth a little trip. We probably need to wait until the margin calls have cascaded before that interim turn happens. Zeev

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