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

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To: JKNF who wrote (3976)3/12/1997 10:31:00 AM
From: J.L.   of 35569
 
<there was a gap at 7 to 7 3/8. I never in my wildest dreams would have thought the stock would go all the way to 14.5 and then pull back to fill in the gap>
Yes, the logical thing to believe is that a gap will be filled. I am as guilty as anyone by thinking "IPM is a special case, this will not trade like other stocks, it's going to fly". I'm haunted by the fact that I had the opportunity to sell and then buy back over %50 more shares if my trading skills were perfect. Well, they are not and I know that. I have come to grips with the fact a long time ago that I am not a trader...it's just not good for my health (mental and physical). That being said, it's interesting what my goal would be if I were to trade. To be able to buy more shares ! I am hooked. Even though we are lower now than we were a week ago the fundamentals are the same and I cant wait to watch those shorts scramble to cover. It may not be tomorrow or next week but I think it'll be a good show.

All my best regards, Jeff Lund
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