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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: kimberley who wrote (21997)10/9/1997 6:09:00 PM
From: go4it   of 35569
 
Kim,

<< too many large blocks came out to represent public only selling.>>

I saw some large blocks go by that day we had the drop out of the $6 range but nothing that could be attributed to fund selling IMO. I would think it would have been more likely the shorting MM's. Keep in mind that this coincided with bad made up rumors circulating among the MM's, a sell recommendation from sleaze west securities and word of an upcoming news article from Stuffy.

There has often been speculation of fund selling every time we have had a drop in share price, it wasn't true then and I doubt that it is true now. We have had a continual increase in fund holdings and I think one week that was an actual decline. No I think it was the margin shares being taken out in conjunction with the shorting.
FWIW
Chuck
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