International Precious Metals (IPMCF) Message Board

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

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To: Richard Mazzarella who wrote (25423)	11/11/1997 12:34:00 PM
From: Matt C. Austin	Read Replies (1) of 35569

>>Chatters road show) showing up is very bullish IMO.>>> The timing does seem a little strange. I still think in his case that it's well intentioned. At least one mutual fund can't buy us til we're above $12.50, others waiting for the 'official word'. When that comes, we should see many of the funds buying at least a starter position. That should get the ball rolling. The real question for me is 'how much pain the shorts can absorb.' They have cleaned up by helping drive the price down from the $14 level. If you watched their daily shenanigans on a level 2 machine, you could see them day trading for 50 cents to a dollar. I think FAHN probably made 12 to 13 million $. That can absorb a lot of pain. They will have to get convinced that it's not going to come back down. I talk to 3 fund guys that think we are in for a big move. That's what it will take to break away from these jerks.

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