International Precious Metals (IPMCF) Message Board

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

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To: Anne Lamb who wrote (27102)	11/17/1997 11:19:00 AM
From: Robert Knight	Read Replies (2) of 35569

Trading activity appears to be just the little guys. Largest block was sold at the low at 2 7/8 (20000 shares). With no institutional support at this time, I anticipate another push lower. As we speak the bid is 3 3/8 - 3 1/2. The stock has bounced off its low of the day. MM's have made the small retail "pay up" for his shares. With no underlying support, I anticipate another push lower. Couple this with potential margin calls we now have more selling pressure than buying. Remember shorts believe they can always outshort the small retail buying support. Institutional support is the key for this thing to head back higher and stay higher. Stay tuned.... Robert

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