International Precious Metals (IPMCF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bob Jagow who wrote (3048)	2/28/1997 10:06:00 PM
From: TrueScouse	of 35569

Bob: <<Do you have a new target, Howy?>> Well, your $666 is $34 below my original long-term figure <vbg>. Seriously though (!), I do still have a target of $44 in 1997, if announcements come out from the company in a positive way and according to the goals and schedule that Lee Furlong stated in his New Year's greeting. The $44 is based on the fundamental data -- my estimate of the value per share of the metals in the ground on the first sq.km. This may sound overly ambitious to some -- unduly conservative to others. And I personally will _not_ be holding all my position in the hope that it gets there. I hope to be taking some profits on the way up. Again I have to warn everyone that targets such as this are _only_ feasible if there is a steady stream of very positive news -- and no major stumbling blocks. This is still a highly speculative stock and anything could happen. In the short term it should hit $8.00 in the next couple of weeks, according to my simple TA approach. It went from $2.00 to $6.00 (a $4.00 move), did the 50% retracement back to $4.00... and the theory says it should now add $4.00 to move up to $8.00. I know that the sophisticated TA people might think that this is simplistic, and the non-TA believers will say again that how can TA show anything when you are waiting for major fundamental reports? But check it out again on this chart... stockmaster.com Seems to make sense. And that spike up today looks _really_ nice! Best wishes, Howy

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next