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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Joe Hartenbower who wrote (26354)11/15/1997 1:17:00 AM
From: Smurph  Read Replies (5) of 35569
 
Joe thanks for the information that you and others have provided in the last few months. I have enjoyed reading the posts of most and have learned a great deal. I have a few questions if I may.

1. If on Monday, the stock price drops who is in fact the one selling?

I for one do not believe that the large investors will be since they do not look at the numbers in depth until later in the development process. As long as they have independant verification at a reasonable level (currently .02).

2. How long can a short hold his short position? Is there a time limit? Maybe one of the shorters or traders can answer this question.

3. In order to make money on a stock don't you have to close the transaction?

Warren Buffet is worth billions on paper but if he sold his stock he wouldn't be worth billions anymore would he. (By the way he holds a salary of $100,000 a year.) Consequently, in order to make money on a short don't you have to buy it back?

4. Were there not several gold market funds on the edge waiting specifically for idependant verification? Now that they have it won't they start buying albiet conservatively?

Realistically I believe there will be heavy selling pressure at the beginning of the day but fear tactics such as its a scam can no longer work can they. If the shorts can not force the price down as they have so easily done in the past. They will have to cover eventually. Am I wrong?

Maybe not to the moon tomorrow Mike Laine and Anne Lamb and Kimberley et al. but at least a profitable adventure to the Space Station.

PS. Long and Holding.
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