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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: TheBusDriver who wrote (26256)11/14/1997 9:23:00 PM
From: Mark Bartlett   of 35569
 
Wayne,

<<the proof will be on Monday...yea a panic from the small investor....but what will the funds do? THAT IS THE KEY...I have always said they know more than you or me....if they sell then so will I and then move on....if they hold so do I.....>>

I suspect the funds will hold their positions for the most part. As was stated before, the amounts these funds have invested in IPM is pocket is change - I suspect most expected they would have their money tied up for some time, so this is likely not unexpected for them. Some have probably traded enough stock at this point to hold most of their position at a discount to its present trading range.

MB
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