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Gold/Mining/Energy : Stillwater Mining (PGMS) - pure platinum/palladium play
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To: Ron Struthers who wrote (64)11/15/1996 11:26:00 PM
From: TATRADER   of 182
 
Ron, I took a look at PHO...The average volume of PHO has been around 17,182 shares traded....The 200 day moving average sits at 38 cents with 52 week high at 63 cents...I continue to be on the sidelines....Would have to see several days 0f 25,000+++shares traded and movement toward 52 week high before I would be a buyer....The stock needs to hold above 40 cents without dips back to 32-35 for me to believe there is technical life in it...Your other pick IPMCF I will not touch until the Reg S. is finished...There are a lot of shares that will continue to be put on the market until the end of January....I waited on Arakis until the Reg S was finished before taking a sizeable position at 2.60....Right now I will stay with a conservative PGMS and await the growth I see in this company and a turnaround in platinum prices....Take care....Mark
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