International Precious Metals (IPMCF) Message Board

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

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To: C L who wrote (1546)	1/21/1997 7:36:00 AM
From: TATRADER	of 35569

C.L. in studying this stock, it seems to be moving in a flag-pennant price objective fashion....What that means is we are seeing outbursts that have similar patterns...I have witnessed four 75 cent upmoves...2.75 to 3.50, 3.75 to 4.50, 4.00 to 4.75, and 4.50 to 5.25.....The stock seems to consolidate its gains by 50 cents before its next upmove...Thus, a 4.75 buy entry point should be safe for the time being, IMHO....Next price objective then would be 5.50...I have a short-term buy signal generated by the CCI and 100/100 crossover and my stochastics 20/80 is still neutral...We have broken free from the symmetrical triangle formation with the apex at 4.00....I always like to buy stocks when they are bargains, so I sit and watch while all of you make money...I know many of you would say, "Mark, this is a bargain with its potential, and you may be right... But I have gotten burned too many times in the market following my emotions...Best wishes to all you longs....Regards, Mark

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