International Precious Metals (IPMCF) Message Board

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

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To: Matt C. Austin who wrote (26908)	11/16/1997 11:16:00 PM
From: Karl Zetmeir	Read Replies (2) of 35569

I guess I'm a lone voice here ... But if Ron's statement there are 2 million shares shorted (don't know where they borrowed the shares!) is true ... One or more is gonna break ranks ... and cover! Why? There is no possibility now of their best case scenario ... IPM is NOT a scam ... precious metals are there ... and there's a limited number of small retail investors that get rattled (probably just as many there ready to pick up those shares!) ... Further ... this assay report is only the first step ... everything from here on out will be better and better ... we know the metals are there ... we're down to a matter of chemistry and economics ... IOW ... a TECHNICAL play ... just like we've been saying all year. The only hope the shorts have now is rattling the cage of the small retail investors ... sure ... they're going to pick up some shares ... but I see the consensus on this thread is no one has really changed their pro/con position. I simply don't see droves of small investors selling at the market on the open. Then why remain in a short position with an UNLIMITED loss potential? When the shorts begin to cover ... it will be a thing of beauty!

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