International Precious Metals (IPMCF) Message Board

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

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To: John H. Flint who wrote (3828)	3/10/1997 10:35:00 AM
From: J.L.	of 35569

Hi John; I believe that a part of the volitility was due to shorting that was done (big time) between the high around $14 and about $12 1/2. Today it appears that trading is quite orderly with a 1/8 - 1/4 spread although there seems to be relitivly high volume. What the shorts do IMO is coil that spring even tighter as we approach the previous highs. It should be fun (for those of us who are long) to watch the action unfold in the weeks ahead. I'm convinced that this company has the "goods" and am in for the long haul. You can expect to hear some of the shorters say some bad things to try to run this stock down and I'm sure that tempers will occasionally flair but the truth will prevail and we may get a few more buying opportunities for those of you / us who don't have their fill. Remember that the shorts provide more of a base once we start going up again and will have to buy back if/when they start feeling like things are out of their controll. Best to all, Jeff Lund

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