International Precious Metals (IPMCF) Message Board

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

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To: ddl who wrote (3943)	3/11/1997 10:03:00 PM
From: Richard Mazzarella	of 35569

Denis, the behavior of IPM is not that unusual for a stock that has run up so far so fast. It's not that IPM isn't worth $15+, but rather the rate of the run. Analysis have made from many people who predict IPM to become a $100+ stock, I believe it, but it won't get there in a straight line. CC told everyone that he was selling on the run up. Why would he do that? Could it be that he has seen run rates like this before and the consequences? IMO the stock should not have been above $10 without the BD blessing, don't you agree? It just got ahead of itself IMO. There is a benefit for a correction now. The stock suffers less damage correcting early rather than later. This correction also has the advantage of allowing people who believe in its potential to acquire more shares than they would otherwise.

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