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

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To: Chuca Marsh who wrote (4735)3/25/1997 11:18:00 AM
From: ddl   of 35569
 
Bob Aldridge, Welcome aboard...and thanks..
Chuckie, Are you feeling OK? You sound OK? Something wrong?
You know, I think you're right about these shorts. When they wake up, they will see a BIG mistake. The'll look like eyeballs and assh*les! If anything, I see them covering their shorts TWO TIMES so that they can make some money when this thing takes off to cover their losses.
BUT...Have you ever given thought to the possibility that these shorts were in becasue of other reasons? What if, when the stock took off, a BIG buyer wanted in but did not want to chase it any higher. Have you ever heard of an institution hiring a good shorter to drop the price? I'll bet you that after the smoke clears, these guys are at least ahead of the game if not in a break even position. It's hard to see their angle cause you'd have to live in their gutter to fully understand the "short" play. Just a thought.
I like the slow action today. IPM always did good on slow volume. - Denis
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