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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Anne Lamb who wrote (26443)11/15/1997 1:58:00 PM
From: Wildcat  Read Replies (1) of 35569
 
Hi Anne,

What strikes me as strange is that if the shorters were so confident that this is bad news and the company is worthless etc., then why are they still here continuously posting doom and gloom?

Are they afraid of the reaction of the funds come Monday. Some firms have rules not to buy for the first hour or so. Therefore it seems the shorters are trying to scare the little guy out first thing in the morning with market orders, so they can buy back in.

I will spend my Monday morning selling some slow movers and then load up on IPM later in the morning, IF it drops, which it probably won't.

Wildcat

Oops! Looks like Bob beat me to this conclusion.
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