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

To: Donald Watson, Jr. who wrote (26766)	11/16/1997 4:52:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 35569

Doanld, as of October 15th, there are 790,000 shares short. I know that some private e-mails are touting the number of 2 million shares short, but I have seen no FACTS to prove that, let's not turn this thread to the OVIS circus. On 21 MM shares outstanding and average trading volume of 200,000 to 300,000 shares, the short position is far from excessive. A growing short position is usually bearish for a stock, it is only wehen the position becomes overly one sided (something in excess of 15 days average trading) that you can hope for a squeeze, and then only if a fundamental change justifies higher prices. Right now, IPMCF has promised us 12 to 18 months before they know what they have, no immediate threat to the shorts. Zeev