International Precious Metals (IPMCF) Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Smurph who wrote (26363)	11/15/1997 1:30:00 AM
From: Larry Brubaker	Read Replies (1) of 35569

Smurph: I'll take a stab at some of your questions. 1. If the price drops Monday, it will probably be due to people like you and me selling. I doubt we'll see wholesale selling by the institutions. Their stake in this is small (by their standards), and a moderate price drop will be barely noticable to them. Unless, of course, they have decided to write off their investment. Then we are in big trouble. 2. Shorties can hold their position as long as they want. No time limit. 3. Yes, in order to make money on a stock (long or short) you have to close your position (shorts will have to buy to cash in). The exception is that if a stock is delisted, shorts don't have to cover. Much as I hate to say it, now I am glad the shorts are here. They will help to put a floor on the stock. 4. I have no idea if additional funds will now buy the stock. Seems to me like there is not a whole lot of information in the PR that would encourage their buying (e.g. is there any liklihood of higher recoveries than the fire assay on the ore?, is their any chance that an economical recovery process can be developed?)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next