International Precious Metals (IPMCF) Message Board

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

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To: Daniel M. Whipple who wrote ()	3/11/1997 4:16:00 PM
From: Gerald Walls	of 35569

Anyone have any ideas as to how low they can drive the stock? I thought I'd bought all I was going to but I'm kind of thinking about picking up a small trading position. It's hard for me to tell looking at a six-month daily chart, but was there a gap around 7 the day after the initial breakout above 6? If so, this would seem to be a logical target for the shorties. It appears that they've closed us under 8. By concentrating volume at just the right time it looks like they're able close the stock right where they want to in order to scare people off. It sure would be nice to have another institutional buyer step in here to pick up a bargain. A few 20,000 share buys in a row might give the shorts something to think about. Comments?

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