International Precious Metals (IPMCF) Message Board

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

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To: Daniel M. Whipple who wrote ()	12/20/1996 1:27:00 PM
From: Bruce McGaughey	of 35569

Have to admit that I sold all shares of IPMCF this morning at 3 7/8. I agree with Claude, until we see "BD" behind these numbers, no one will believe too much.....and with a pile of metal this big you can be sure BD is checking everything double-close in order to protect IT'S credibility. My buy-back point is 4.00 to 4.25 or if we get a good selling spike where I can load the wagon again. On the positive side, with all the volume we saw yesterday you just had to believe some institutions were adding to their stake or new ones were joining the party. Also, TA-wise, this chart is interesting. Gap yesterday. Usually, these get filled before the stock moves higher. There's a bottom to this gap at 3.60. We might go there first. Also, we may be seeing a "high-tight flag", too. That's when a stock runs up the flag-pole, makes a pennant formation on lower volume and then resumes it's rise. This pennant looks sloppy, though, so maybe we need to fill the gap at 3.60, first. Just some idle ramblings.

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