International Precious Metals (IPMCF) Message Board

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

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To: Furry Otter who wrote (21868)	10/7/1997 12:05:00 PM
From: DCBEN	of 35569

>>PS chew on this--if bad news has leaked out, as some seem to think, and if shorts control the market for this stock, as some seem to think, then wouldn't shorty let the price go waayy up, so that he can short the stock one more time, safe in the knowledge that when the bad news is released, the stock will dive, and he can make yet another killing?<< Reasoning doesn't quite hold up. If bad news were leaked, not likely it would be leaked to shorts. More likely to someone with a positive stake in the Co. Of course they could not LEGALLY act on that leak. My take is that there is no leak. What selling there is is from nervous holders, and those who figure that whatever the news, it will be a big disappointment to those expecting news of a "bibical" proportions (hence limiting the risk of missing a very big upside move). I'll wait and see. Allan

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