International Precious Metals (IPMCF) Message Board

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

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To: Graystone who wrote (25604)	11/12/1997 12:26:00 PM
From: Bill Jackson	Read Replies (2) of 35569

Graystone, I hope you are not short?, you could become 'graybroke' Struthers(not Sally) has looked at IPM in great detail, and may even have done some samples??. Read what Anne posted, shorting is risky. The only caveat I would make is the fierce bruise given to all juniors by BRE-X will inhibit a rapid speculative upwards bounce, thus allowing the shorts time to cover feeding on the day trader volumes over two weeks. A short squeeze is fast, and a good report might make it so, especially if all you loyal people make sure your broker has no discretionary trade privileges on your account. In the scramble to cover shorts call other brokers, looking for discretionary accounts for them to cover from. Leagl, and the broker will say it looked like a good run and I locked in a profit for you. In addition high up limit sales orders might dump you as well. Say you put one in when the stock was $12 for $14.50. It might still be sitting there ready to dump you out. So you should all close these avenues of shorty escape, just in case a squeeze develops. Bill

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