International Precious Metals (IPMCF) Message Board

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

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To: Bruce McGaughey who wrote (27963)	11/21/1997 3:13:00 PM
From: Bob Markley	Read Replies (1) of 35569

Bruce, All accumulation/distribution indicators that I use have shown massive distribution since the report including Granville OBV. This stock is VERY high risk to play from the long side now as rallies are next to non-existent. I tried a probe trades & 2 1/8 & bailed out. The greatest danger for this stock right now are the stop-losse orders of the public that have been/are accumulating at & below 1 13/16. If the MM's gun for these (they are trying!) and these stops are hit, next support is a buck, & expect lost motion below the $1 level. Bob

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