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Technology Stocks : DESERT DIRT TA

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To: Texas77 who wrote (1281)1/23/1998 12:41:00 AM
From: go4it  Read Replies (2) of 1539
 
Dave,

I wouldn't be a bit surprised if we were close to a financing announcement from IPM. How does that relate to TA? You say that when they announced their last financing at $1.25 it made a buy at $1 a good buy. How do you figure out from the financing what is a good buy after the announcement.

Most of the jrs that I follow from Canada will do a pump of the stock, perform a financing and the stock will continue to fall from that point. IPM didn't react that way to my surprise so what suspended it in price and made it rise in addition to that?

After black Monday I sold everything that I could not afford to lose and held what I could indefinitely. Which of course that is not to say that I wish to hold it indefinitely but I could. Like most I lost my butt on that deal but it is still relatively nothing in comparison to some.

I like Maxam. They appear to want to get a cash flow with what they can get out of the dirt but that is yet to be seen. I never liked CHIP although it may make for a good trade every now and again IMO. Just started learning about Naxos. GPGI I am neutral to negative on. MGAU I am invested in thanks to IPM management whether I wanted to be or not.

Chuck

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