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

To: Richard Mazzarella who wrote (32924)	6/13/1998 12:54:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 35569

Richard, all these are bad examples, you should have quoted my real doosy, KRT. Aksef, I recommended entry at 1-17/32, and it is still good (entered a little at 1/13/16), GPGI I recommended sell at 2.5 and have not yet (and may never) turned bullish on, EXSO I recommended at under 1/8 and a sell at 7/16, it went to 5/8. Rec again at $.1 went to $.2 where I said do not get close to it ever, a dead story ready for CH 7. IMPX, I was quite clear that it will go back to sub 1, bought toe wetting at 1.25 and still getting what they give me at 7/8 (just got a little more on Friday). KRT, I never recommended, but bought at $.76 a toe wetting position and the bulk at $.41, and this one hurts my ego more than all. And, you forgot DBDY, last bought at $.20 and still waiting in vain for the ship to come home (smart Larry got out with profits, but greedy Zeev stayed behind). Actually, as far as my activities in recommending avoidance, this record is pretty good, here is a partial list of stock that were supposed to make every one rich and of which I warned of impending disasters or other mini calamities. IPMCF (you the the colorful story here), GPGI out at 2.5 now 5/8. EXSO warning at $2 now pennies. NAMX Warning at about $1 now pennies. RMIL Warning at about $2.4 now delisted, DBDY sell at 1.25 Now $.2 (and I am in there stuck), CTYS sell all the way from $7 to $.5 now pennies, XSYS, sell at 4.125 (now $.5) GATE Buy at $.5 , sell at $2.5 now 1-5/8 (getting ready for another move?), WFR sell at mid 20' projected to 13 with spike to $10 (just did the spike to $10 yesterday), RNTK negative at 2.5 now at 1.5, PLFM negative at $1.5 now $.6, PLNK, negative at $4 to $6 now 2 and going. And some avoidance like PIPE, PHO (VBG), MLOG, BINGO (both of which I got in made some profit and then out, and both might be bottoming here). The one you really forgot is GRNO, I had a sell if break $5, but I still own the garbage because I was out of town on the SEC delisting, and that one hurts. Or SPCT where I was caught with my pants down, or MU in 1995 were I was fooled by Vinik and took a 25% bath (would have been much worse if I stayed around). All in all Richard, there were even times I was long IPMCF, but I always stated when I got out, and since I never get the top price you could always have gotten a better price. In IPMCF you would have lost the ride to 14, since I became doubtful of their claims at $4 on the way up. In any event, I have been right more than 70% of the times, the trick is to keep away from becoming a "forced" long term investor, by admitting an error as soon as possible and take the losses when necessary. Then 70% right is quite profitable. But 70% right is not profitable when one stays in losing positions until they go to zilch. Zeev