International Precious Metals (IPMCF) Message Board

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

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To: Larry P. who wrote (20320)	9/9/1997 9:17:00 PM
From: go4it	of 35569

Hi Larry, <<stocks move UP before good news, and DOWN before bad news.>> Not always true. There are several things that give IPM a twist to that theory. One : IPM already has a significant short position in it and it is impossible to know how much shorting is going on compared to how much selling is going on. Two : there is already tension in the stock and that may have day traders playing it safe until a clear direction is decided. Point to consider : We had 500,000 shares traded today and lost <1/2 a point. I doubt the shorts were the ones supporting the share price so who was doing all that buying ? John Brefeld - if a person buys stock and sells it within 3 days and doesn't come up with the money for the original purchase then I doubt then I doubt they will be doing any more trading. They call that a free ride. I know you were joking but wouldn't want anyone to think they could do that. Since so many here don't have a problem with people mentioning other stocks here then I would like to invite people to check out this news release biz.yahoo.com . Chuck

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