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

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To: TATRADER who wrote (1447)1/16/1997 10:39:00 PM
From: Alan Vennix   of 35569
 
Mark, an interesting analysis but I don't know how to interpret it.

I'm not an expert with technical indicators (in fact, I probably don't even qualify as a novice), but I would think that a company like IPM that doesn't trade on earnings reports, etc, but rather on news items and rumor, would be extremely hard to quantify with your indicators.

For instance, if the company came out tomorrow and said that they had a successful scale-up test that recovered 0.25 oz/ton from a 2000 lb sample, wouldn't that have an effect on the stock price that couldn't be predicted from your indicators, which are primarily based on history? Or if they announced 0.4 oz/ton PGM's? Or test results from the deepholes that were the same as the first 100 ft?

My point is that I question whether indicators based on history can predict stock prices in cases like this one. A question on my part, not a condemnation of your analysis.

Al
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