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

To: go4it who wrote (25128)	11/9/1997 11:45:00 PM
From: Bill Jackson	Respond to of 35569

Charles; I suspect you are right, there are hidden and illegal shorts within dealer accounts via the margin signature. I am not sure how they do this. However if I bought some shares I would ask for the actual certificates and take them home/vault. If we all did that shorty would be deep in trouble, as from what you say a 30+% short position would drive it up smartly if the borrowed stock was taken out of play. Some institutions put 1-3% in assorted high risk/high gain plays, and IPM and Naxos fit with that. They win some lose some, but that is how the run that fund, a high risk fund. We need a comment by someone who knows shorting uo and down here to establish what can and cannot be done. Bill