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

To: Graystone who wrote (28471)	11/26/1997 12:02:00 PM
From: barb loucks	Respond to of 35569

The Gold Ship. I think there are quite a few investors on the gold ship who are wondering what happened to them. Unfortunately, IPM is not an isolated case. Look at Trillion Resources, Manhattan, Bema...the exploration companies' share prices have been decimated; and so have the majors. Even if one diversified and owned a "basket" of them, there was no or little downside protection unless one was hedged or short against the box. Only the very nimble, lucky or short are making money. The gold funds are limping along. It is very sad, particularly for those who were overextended on margin or watched their retirement money go down the tubes. Is it time for a contrarian to jump into a diversified mix of metals stocks, or is it still too early? Peter Lynch had an article in Worth a while back recommending an entry into gold...he was too early. Gold Fund managers and newsletter writers must be having an extremely difficult time right now. I bought a small amount of IPM last year because I was intrigued by the "story" and because the property is in the U.S. I bought a little more after Bre-X erupted because I thought I would have more access to filings, and that the location of the potential orebody would make it more difficult to hide shady activities. I never touted this stock, rarely posted before the week leading up to the latest PR. I had nothing of value to add, there was little research to report on. I enjoyed reading the thread, but it added little to my comfort level. This was and is speculation. But aside from the majors, (and even, to an extent, the majors) what exploration stocks are not speculation? My view of these threads is for a place that shareholders can "share" information, vent their frustrations, write their opinions, get to know each other in a new medium. Why be surprised when people are positive about and have "dreams" about their stock on a certain thread ? Obviously, they are shareholders. They liked something about the company, and found others who shared their perspective. This is not an investment newsletter, or a substitute for a seasoned financial planner or broker. Sometimes more experienced investors share their views, or express caution or outright dismay. There are also some very savvy traders on a few threads who are worth reading because they convey an air of objectivity and show that one doesn't have to and shouldn't fall in love with a stock. You are right, it is no fun losing money or watching paper profits vanish. I appreciate reading other's perspectives on investing, and insights into assaying, etc. Negative posts can be very helpful when they offer information. But I can't understand why anyone would be surprised that shareholders on a thread devoted to a certain company would get upset when negative posters claim they are sheep, stupid, etc., etc. After all, it isn't pretend money for those who have a stake in a company's future. We're all human, small and pushed around on this roiling sea by the vagaries of the winds in the marketplace. B.