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

To: kimberley who wrote (25994)	11/14/1997 10:42:00 AM
From: Bob Markley	Read Replies (1) \| Respond to of 35569

<< are we going to go under 5 1/2?? >> Perhaps,... most likely a bounce off of 5 5/8 as new buyers come in. Opened & found temp intraday high first at round number of 6, shorts now think they are ok now and are in a false state of optimism. Volume has slowed & MUST pick up to take out the intraday high,.. am looking for a rally into the cls @ 6 1/4 (assuming no PR today). If PR today a halt and min $5 gap. Best, Bob

To: kimberley who wrote (25994)	11/14/1997 11:05:00 AM
From: Robert Knight	Read Replies (2) \| Respond to of 35569

Kim, As I mentioned in my earlier posts, shorts need to average their shorts higher. As rumors circulate and demands increase for shares, they have no choice but to move the offers higher and make people "pay up" for shares. They simultaneously create that .50 cent margin that they can "play" with if/when volume decreases. What we needed was an institution to support the bid when volume started to dry up on the offer side. With no report (yet), and low volume, the shorts can test the bids and they have not been supported. This is alright though. The action in the stock dictates that the shorts are concerned. Yesterdays strong close was an indication of that. With no news before the open or early today, they will cease the opportunity to "shake the trees" a bit. The key is for no one to give them any shares:) If/when buying comes back in, the stock will rock right back to that $6.00 area rather quickly. All of us need to hang in there temporarily. These guys are professional market psychologists that love the emotional swings that they can instigate. This is why they utilize these Internet forums to gauge and create market sentiment. A positive report, which obviously is quite near, will give us plenty to talk about and give them plenty to think about. Robert