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: Claude Cormier who wrote (3961)	3/11/1997 11:57:00 PM
From: John H. Flint	of 35569

All: FWIW, I watched the stock all day via my Nasdaq Level 2. The stock was quite steady up until the negative article from Bloomberg. Has anyone mentioned the negative press the company received today via that article? It seemed to be a rehash of old news that the company has since refuted. Conveniently left out was any mention of BD. Anyway, it spurred the shorts into driving the stock lower. The way that I see things is that the shorts see a "Taylor made" opportunity to wack a stock that got ahead of itself. Fear has since set in as people scramble to cut their losses or protect paper profits. Selling then begats more selling and the shorts have their way. I also feel that profit taking has taken place as well. IMO, and I am a realist, the stock will continue to be under assault. You have a fundemental story that still has to await positive results about a month out. Where the bottom is all depends upon where the institutions step in to put some orders on the buy side. There has been virtually zero buying on the offer side since last week. For those of us who believe in what is being accomplished by IPM, there will be a buying opportunity. One thing that I have seen when these sophisticated short players go after something is that they are usually right. In this case I am of the opinion that they are wrong, but that will not help us over the short term. I will be looking for the bottom to position myself for the monster move back north when this thing plays itself out. Good luck to all. John BTW, Thanks CL for that MG Gold. I picked some up at .07 cents and .09 cents today. It looks like someone is accumulating this stock.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next