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

To: Matt C. Austin who wrote (25444)	11/11/1997 2:18:00 PM
From: Furry Otter	Read Replies (1) \| Respond to of 35569

Hi Matt... You know, I am here ruminating, and thinking about the dynamic developing here. 1. IPM has the report. I think we are pretty much assured of this. 2. No trading halt yet. This bodes well. If IPM had a report with crappy news that would almost certainly drive the price down, they could not let people keep buying stock. 3. Shorty is not letting the price rise on low volume, an almost sure sign of a bull/bear trap. I.e. let the price rise, safe in the knowledge that it will drop very soon. Gives you a chance to short it even more. But they are not doing this, which at minimum means they don't know if the report is good or bad, and at best means they know the report is good. 4. No major selling by "funds," or anyone else, for that matter. 5. No major buying, either, by shorts (to cover) or "funds." Shorts cannot cover in droves now, because they waited too long...it would drive the price up, and then when the news is released (in the next day or two, IMO), the price will rocket up even further, squeezing them even more...they miscalulated, and all they can do is pray for a bad report, or for market indifference to a good report. "Funds" are not buying, because (1) they are subject to restrictions (i.e price, percentage of holdings, market cap, etc.), (2) they need the report in hand to cross their Is and dot their Ts...sort of the Claude Cormier approach, very responsible, but you have to pay more to be responsible. So we are at an equilibrium of sorts...kinda like sitting on a time bomb What's the latest from the Ritz? Anybody know? Regards, Otter