International Precious Metals (IPMCF) Message Board

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

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To: John D. McClure who wrote (11138)	6/5/1997 11:34:00 AM
From: Rock Doctor	of 35569

Hey JDM, almost no action in the IPM trading pit today. I agree with you, it would only take one major PR from Management, and all TA goes out the window. But are we going to see $5.00? I'm not so sure ... The stock is way oversold now IMO, the small investors who couldn't stomach this drop have sold already, and the funds have made it clear they are holding and/or adding to their positions. Shorty has either covered, or he surely must be getting nervous now - where's the next downward push going to come from?? My view is that we aren't going to see one... What's a poor Shorty to do now? Write an article in Barron's I guess ... Rock Bottom (we are there or thereabouts now IMO)

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