SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : International Precious Metals (IPMCF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: kimberley who wrote (25994)11/14/1997 11:05:00 AM
From: Robert Knight  Read Replies (2) of 35569
 
Kim, As I mentioned in my earlier posts, shorts need to average their shorts higher. As rumors circulate and demands increase for shares, they have no choice but to move the offers higher and make people "pay up" for shares. They simultaneously create that .50 cent margin that they can "play" with if/when volume decreases. What we needed was an institution to support the bid when volume started to dry up on the offer side. With no report (yet), and low volume, the shorts can test the bids and they have not been supported. This is alright though. The action in the stock dictates that the shorts are concerned. Yesterdays strong close was an indication of that. With no news before the open or early today, they will cease the opportunity to "shake the trees" a bit. The key is for no one to give them any shares:) If/when buying comes back in, the stock will rock right back to that $6.00 area rather quickly.

All of us need to hang in there temporarily. These guys are professional market psychologists that love the emotional swings that they can instigate. This is why they utilize these Internet forums to gauge and create market sentiment. A positive report, which obviously is quite near, will give us plenty to talk about and give them plenty to think about.

Robert
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News