Eric, thanks for responding to this thread. Do you know that your question FLA or IPM has been intiguing me?
I will just tell you what I think. I have not even found out what each one closed at.
IPM is a stock that will not give you the stress for the coming months. I predict the stock can easily go up to above $5.00 during the first quarter of 1997.
They have been aggressively exploring some gold properties and is holding 60 % of Colony Pacific which is trading now at above $7.00. Just a month ago it was a $3.00 stock.
I think the high was $8.00+.
Then there was also Cathedral Gold about 50% control. Both of these stocksare higher than IPM in share price.
Of course people have not discovered yet how good IPM is in relation to other juniors.
FLA on the other hand can give me a more handsome return. I know, and although the stock is depressed, not every one is knowledgeable about the stock. When a stock is going down, no one pays any interest except those that know.
I do not have anymore cash flow for FLA. I have too much position on FLA which is about twice as many as IPM. I only wished I can buy more IPM to balance my portfolio.
My friend from Texas also an FLA holder bought a few shares of IPM, but when he bought 16,000 shares of FLA, I told him that he should have bought IPM instead. Well the reason why I said that was because he was already high on FLA.
This year I have only 1 pick, IPM By next year, during the first quarter, I hope FLA (not originally my own pick) will join my IPM.
As a friend and in unity with FLA, I am recommending IPM for your portfolio. I mean what I said on the introduction of IPM.
Look, no one bothers to put this in the thread because it was not a pick by any guru. when a guru picks a stock it goes up and down, of course depending who the guru is.
I noticed today and yesterday, there were big trades. The buyers of those big trades know something that we do not know. Can you post the trades for today's trade? Thanks.
I normally do my own picks by the end of the year. I will pick about 5 of them. I will not pick those that have been already ripe picked by others. |
