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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Furry Otter who wrote (25911)11/13/1997 9:32:00 PM
From: go4it  Read Replies (2) of 35569
 
Furry,

I'm going to have to disagree with your prediction. Short squeezes are very fun things to be on the long side of. When I was in Iomega I bought at 16, the following month it was at 32. when they announced earnings the following days looked something like 36,40,50,56,52, and proceded up from there at a much slower pace. They had a MUCH larger share float then IPM has and didn't have a dozen or two institutions sitting on the sidelines waiting for the report to buy into the stock.

I think we are going to see the price go verticle and settle back until other news is announced (ie. assay results etc.) and other funds have time to perform the necassary due diligence.

Chuck
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