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

To: Bill Jackson who wrote (25124)	11/9/1997 8:58:00 PM
From: go4it	Read Replies (1) \| Respond to of 35569

Well Bill. i have come to except shorting activity as a normal part of an orderly market. that is of course if you are talking about Intel or Microsoft. I have no problem with people shorting a stock after all that is as much of a gamble as buying a stock. This does not include MM shorting which is what IPM has been up against and it is very easy to prove when you look at the rising #'s in the short interest position. Is there additional activity beyond this from off shore accounts ? I think so but can't prove it. Very much like the fact that there is probably 30% of IPM in non-US institutional hands. I believe it to be fact but can't prove it. I would like to say that the MM's can make the market My assessment of the activity is as follows : There have been an increasing number of institutions moving into the stock but the price hasn't increased. I think that is due to the increase in shares short. The numbers don't add up though and the only logical explaination that I can come up with is blind shorting from offshore accounts. I think these numbers are quite abit larger than most suspect. I also think that there are institutions that have been willing to support IPM until the report came out and when they support it at $4-5 they will let go at $6 and above they free up the money that they used to support it. Meanwhile letting the short shares continue rising. That is what I think at least.