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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?


To: go4it who wrote (24173)11/3/1997 5:30:00 PM
From: Gerald Walls  Respond to of 35569
 
I don't know if a press release of that nature would help console people or be seen as a side step manuever.

I believe it would be seen as a negative. Many would believe that if they go through the effort of issuing a press release then the report won't come out for quite a while. Why issue a press release if the report would be out in a matter of a few days?

I'd tend to see it as a delay anouncement.



To: go4it who wrote (24173)11/3/1997 5:37:00 PM
From: Furry Otter  Read Replies (4) | Respond to of 35569
 
Why would IPM release a "yup, still waitin over here" PR? If they had good news, they would want to release it. If they had bad news, they would have to release it. Period. As they have not released anything, they clearly have NO news. Kind of a no-brainer, is it not?

I think a release at this time, with nothing material, would be counterproductive. Let's face it, we are at the mercy of the shorts and rumour-mongers until the report comes in. As we can see from daily slide in price, they have little mercy.

This is all just a freaky psychological game. Consider this...if we were pre-report, but the price were around 8 bucks a share, would you sell? I wouldn't..because I bought a bunch of tickets to this show, and I want to see how it comes out. If the news is good, the stock will ratchet up, the consensus seems to be to 10-15 bucks a share. If the news is bad, the stock will plummet, some say to zero, I say not that bad, but maybe below a buck. Anyway, whether we are waiting at $3, $4, $5, or $8 makes no difference in where we end up...the information when the news comes out will be same, and the valuations of the company will be the same, regardless of where the stock price was while we were waiting.

The price is being hammered down to put the screws to us. It is working to some degree; some small fry still jump out now and then. Stop losses get cleared out, people get scared, whatever. Know what would make me nervous? A pre-report rise like Bre-X had...you may not remember this, but Bre-X shot up to about $4 a share about two weeks before the report came out...think shorty wasn't shorting the piss out of Bre-X at $4/share? As long as IPM stays down in the dungeon, I feel safe, because shorty is too nervous about the outcome to let it run up and try to short even more

JMHO

Regards, Otter