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

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To: J.L. who wrote (25804)11/13/1997 10:53:00 AM
From: Robert Knight  Read Replies (2) of 35569
 
As reported earlier, the stock is "parked" at this 5 11/16 - 5 13/16
area. FSCO & FAHN are both on the offer at 5 13/16's right now. TSCO, WAIN, NITE are sitting high bid at 5 11/16's. TSCO on the bid has been a very good sign in the past as institutional buying usually comes through them. I like the fact that we have someone other than a short sitting high bid as it precludes them from picking up any shares. Volume has slowed down for the time being at 106K.

The old rubberband is continuing to be stretched tighter, and tighter, and tighter, as it appears that these guys have no "out" strategy if we get a positive report. IF there are delays in the report, as in no report by today or tomorrow, look for these guys to get aggressive in trying to wack bids and instill fear and doubt through various henchmen trying to induce panic selling. Now if we get that positive report.....:>D

Robert
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