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

To: Zeev Hed who wrote (24385)	11/4/1997 9:50:00 PM
From: Larry Brubaker	Read Replies (2) \| Respond to of 35569

Zeev: You, of course, may be right. The weakness of the stock scares me a lot more than anything Charters/Coggins/Lumbar/Keyz/Steffy/Wallie together have to say. Here is my "glass is half full" take on this. I see the stock drifting lower on no news, and shorty scare tactics. Pretty much every day, the stock opens quite a bit lower on almost no volume. Fiero and the boys are able to push it down a quarter of a point a day on a few hundred shares. The longer we go with no news, the more the shorties throw out their scare stories, the more the little guys bail out, or don't buy more even with the falling price. We certainly haven't seen any wholesale selling. Obviously the big boys are still with us. However, just as obviously, we have not seen an anticipation run. While you may be right the market is telling us what is going on here, I haven't given up hope. Perceptions about this stock change fast.

To: Zeev Hed who wrote (24385)	11/4/1997 10:24:00 PM
From: Brander	Read Replies (1) \| Respond to of 35569

Zeev; I share your concern. Almost always, there is buying by "those in the know" prior to very good news. This is not by true insiders, as this would be blatantly illegal, but those on the fringes that know. It is almost inconceivable, to me, that stellar news is about to be released because of the total lack of significant buying. It is still possible, but would be highly unusual. On the other side, if terrible news were about to be released, I would expect the amount of selling would probably be higher than it has been. This leads me to believe, again, that for some reason the results are not back yet because the work has not been completed, or the results are ambiguous, and they are trying to clear them up. Brad