International Precious Metals (IPMCF) Message Board

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

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To: Erich White who wrote (13740)	6/27/1997 1:07:00 PM
From: Daniel M. Whipple	of 35569

Erich: Short in the 10-11 range. 30-35% profit? Erich, the shorts are 800K shares short! If they plan to cover those 800K shares what price do you think they will cover at? The institutions WILL NOT allow this stock to go below 5.50. I purchased an additional 2k shares Monday on the way down @ an avg price of 7.28. Right now I have a 100% profit in this stock. Yes I am a long. I also have a buy in for 4k share @ 6 and plan to add an additonal 2k @ 5.75. My boss just placed an order with Oppenheimer for 4K shares @ 6. He asked his broker about IPM . Stated that they were in the stock and he was personally buying some himself. He advised my boss that he didn't think it would go down to $6. I see (hope) a plunge of the stock price to 5.75 before the BD report is released. The institutions will not support the stock until the 5.50 level. Then BANG!, we are off to the races. Remember: Institions have a lot more fire power than shorters.. Good Luck, Daniel

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