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

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To: kimberley who wrote (1448)1/17/1997 1:23:00 AM
From: David Regep   of 35569
 
you write to Mark:
What are your indicators, and what would prompt them to say
buy? I would think an increased volumn as the price decreased would indicate a buy,
but I really don't know how to do what you do.

Kim,

There is no way to answer this question without a quick session of TA101. This thread ain't no place for that. The indicators you are wondering about was mentioned already. MACD, Stochastics, coils (triangles) are all indicators of Technical Analysis. Best way to learn about it is to get a basic book on the subject. I recommend "Technical Analysis : A Personal Seminar" by the New York Institute of Finance. Additionally, it is generally negative to have lowering prices during heavy volume. It is a sign of distribution i.e. too many sellers. What I expect is declining prices on low volume which indicates sellers are drying up while we wait for the news.

Also, thanx to Mark and Richard for some quick analysis. I agree with Mark in that TA (no not T&A you pervert CL) can be used for small cap story stocks. The old saying : "A stock is worth whatever the market says its worth" is pertinent. All the doubt surrounding IPMC makes it worth $4/share. We as believers can use TA to jump on board at beginning of runs instead of hanging on in lulls. IPMCF is an easy stock to time. Unfortunately I commit one of the deadly sins and that is get too emotional with IPMCF. I see a price rise and peak and stay long just hoping for more.

DR
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