International Precious Metals (IPMCF) Message Board

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

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To: Jack Sman who wrote (3585)	3/7/1997 1:55:00 PM
From: CHARLES W. FISHER	of 35569

Jack or anyone,is there a free website address for the trading log data in your last post? Thank for posting it, I was able to stay the course. Without looking at the trading log one would think that a large amount of traders were selling in big blocks. The tape shows someone selling very small amounts driving the price down time and time again, makes you want to say hummmmmm....., is someone trying to create a buying opportunity and wipeout some stops? Is this the dreaded MAD QUOTE DISEASE.. AND TIME TO BUY? I was surprise at the lack of response your post got, now is the time to keep each other informed , trade by trade. Subject: International Precious Metals (IPMCF) \| Previous \| Next \| Respond \| To: C L Miltimore (3259 ) From: Mark Ferguson Mar 4 1997 1:43PM EST Reply #3275 of 3301 A Comparison with BXM: The best real-life example I know of where traders would have been severely burned is the time when Bre-X minerals took off in October of 1995 after spectacular drill results. Below is the trading for the relevant time period. On Oct 13 the stock was as low as 17.75. The results I think were released on the morning of the 18th. On the 19th it traded as high as $59 and closed at $47. Look at the stomach churning ride on the 16th when rumours were circulating and many people would have gotten suckered out (I might have sold myself if I'd been suffering from "mad-quote" disease!) high low close vol BXM 19951019 A 59.00 42.00 47.75 1183431 BXM 19951018 A 39.00 30.00 38.62 962440 BXM 19951017 A 29.25 25.62 29.25 727675 BXM 19951016 A 28.25 18.62 23.50 460720 BXM 19951013 A 27.00 24.75 26.75 427737 BXM 19951012 A 24.37 19.50 24.25 384376 BXM 19951011 A 19.75 17.75 19.62 189305 Those who held tight on the 19th after the steep decline from the high were richly rewarded as the stock reached a subsequent high of around$280. Of course the trading period above is AFTER the stock has already gone up 20 fold -- so any one who sells because a stock has "gone up too much" is not selling for the right reasons. My points are that if IPMC does achieve the heights that we are hoping for, it will not be a smooth ride. There will be rocky patches where small investors will be tempted to give their shares to the institutions. My other point is that there is no way on earth that a chartist could look at the chart of Bre-X in early Oct of 95 and have any idea of the magnitude of what is in store. In the same way, I feel that some of the ominous talk about the head and shoulders pattern in IPMC is quite misguided in light of the fundamental potential and certainly in light of the last three days! Charts are much better at telling what NOT to buy rather than what to buy. My compliments to the superb contributors to this thread who have done an excellent job in identifying a FUNDAMENTALLY very exciting situation. Mark Ferguson \| Previous \| Next \| Respond \| \| View SubjectMarks \| Bookmark this Subject \| Return to Gold, Mining, and Natural Resources One or more words separated by spaces: Subject Titles Only Full-Text Messages with Links Send questions and feedback to webmaster@techstocks.com

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