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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?


To: Robert Knight who wrote (24601)11/6/1997 2:36:00 PM
From: Gerald Walls  Read Replies (1) | Respond to of 35569
 
Right now we have 2 bids at 4 1/2 (TSCO, HRZG) 4 offers at 4 3/4 (FAHN, JOSE, NITE, MASH). It is quite obvious that we have a institution of some sort supporting the bid right now. In the past they have used TSCO & HRZG to buy. They are high bid right now. A very good sign.

We also have a hammer forming on the weekly candlestick chart. I guess the institution can use it to beat on the shorts.

Interesting how it took several days for the market makers to drive the price down and it only takes one lonely buyer to drive it back up. Wait until several want to buy...

It sure got quite here, didn't it?



To: Robert Knight who wrote (24601)11/6/1997 3:12:00 PM
From: Bruce McGaughey  Read Replies (1) | Respond to of 35569
 
Terrific insights, Robert.
Keep'em coming...please !!!
These are the kind of things we schmucky little guys don't know.
Thanks
-B