Silicon Investor (SI) -- The First Internet Community

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) -- Ignore unavailable to you. Want to Upgrade?

To: kimberley who wrote (28243)	11/24/1997 10:26:00 AM
From: BeanCounter	Respond to of 35569

As the year draws to a close, some of the funds may dump IPM to remove this embarrassment from their portfolios. Individual investors are selling to trigger tax losses.

To: kimberley who wrote (28243)	11/24/1997 11:21:00 AM
From: J.L.	Respond to of 35569

To All: I don't even know why I am sending this (my last) post on this thread. Possibly a matter of "closure". I have decided that taking part in this thread instead of helping me with my investment (information is power) decisions, reinforced all of the bad things that investors do such as belief in fantasies, rationalizing bad decisions and holding on after a sell should have been made. I'm sure that there are more, I just can't think of them at this time. I "cut bait" last week. I felt that it would be miraculous for this thing (the stock) to turn around and that the momentum was down. My initial thought was that I could make some of my money back by trading the stock but I have not seen a point where it looked even remotely stable on the buy side. Watching the stock on a tick by tick basis had taken over my life and distracted me from the things that are really important. With the action in the stock today it can be said that all of the things that we were holding out for will not happen. Two weeks ago we were all waiting for the news that would catapult the stock to higher ground...possibly even a quadruple or more. If that happened today IPM would be at $5...sorry if this is bad news to everyone but I doubt that it's going there for a while. The short squeeze rally will obviously NOT happen as the volume has been so great on the downside to provide them every opportunity to get out when they want to. The $10 mil. financing could almost buy the company now. It appears that the only real hope would be for a major to come on as a JV partner. I was so proud that I actually went down to Phoenix to meet with the people of IPM and others who were investing in the company. I have read that this is the best way to see if a company really deserves your financial support. The company had the support of some knowledgeable followers of the industry, newsletter writers as well as some funds. Although they have proved not to be a "scam", we did not take into account the HUGE expectations or the possibility that they were inept. The releases, Q & A and the fact that they have done nothing for the shareholders who have supported them (except for the wonderful wet bar, sandwiches and croissants) have made me angry at them as well as myself for my support and belief in the company and the individuals who make up the company. To those of you still in this stock, I wish you the best and hope that this thing rebounds so you can get some money back. I took a considerable loss in this stock but felt it best to bail as opposed to sitting and rationalizing my paper loss and letting the reality of life take a backseat. At least I don't have to sit in front of the computer praying for a rebound or some miracle. I know that we have a couple of good attorneys on the thread and hope that they will contact me (via e-mail) in the event there is some kind of legal action taken on behalf of the current and former shareholders. I will not look back. Best wishes to all of you. Jeff Lund