International Precious Metals (IPMCF) Message Board

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

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To: JKNF who wrote (21844)	10/6/1997 10:58:00 PM
From: go4it	of 35569

John, The volume was quite high today. We have seen this type of action before and it stinks. I don't think certain groups hold enough shares to dump that many on the market. I would have more of a tendency to believe that certain MM's were simply taking out the stops today and watching the price fall. We haven't had many new people dropping by the thread so that would leave me to believe that most of us that are here have been here for awhile. Just keep in mind that someone posted here awhile ago that Eli and AD have been talking to alot of new funds lately. If the drop today was caused by a group or the shorting MM's (as I hope) then there is a good chance that IPM's float will be getting smaller in the near future. As I posted earlier that there wasn't any new funds that moved in last week but it will be interesting to see if they take a position before the report comes out or whether they will wait. Chuck

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