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 (29510)	12/27/1997 12:59:00 AM
From: Bob Staaf	Read Replies (1) of 35569

Hi Anne, I was thinking the same thought on the drive home from work tonight, and this thought hit me. The tax year is coming to a close and many investors may wish to take the stock loss for the year. The MM's knowing this moved some stock to create the impression of large buying. They then began shorting again knowing that the shareholders wishing to write off losses would be dumping shares driving the price back down permitting the MM's to cover their shorts in just a few days. I wish I had thought of this last week. I could have recovered a quick $1500 and still had my stock. Happy New Year to all. Bob

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