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

To: Zeev Hed who wrote (26779)	11/16/1997 5:03:00 PM
From: Donald Watson, Jr.	Read Replies (1) \| Respond to of 35569

Ok Zeev, lets say there is 700,000 short shares. I can only assume they all did not short at 14. Say you shorted at the 7- 10 range I think NOW would be the time to cover. Its just my opinion but I would think we are at or near the bottom in the 4-5 dollar range. If it does get down lower I think there greed would consume at push us right back up quickly and only a few would make money. It just seems to me that finally some authority said 'Yes we can get Gold and other Metals...They do indeed have something" It seems to me If I would have shorted at 7-10 I would cover and get my ass out. Your Friend, Don Watson.....Also I thought I did read on the thread the 2 million..But does that only count the US I think some of them Canadians might be short a little <G> Please correct me if Im wrong regarding the 700,000 plus only in the states.

To: Zeev Hed who wrote (26779)	11/16/1997 5:28:00 PM
From: Lew Green	Respond to of 35569

Zeev, I believe historically short positions are notorious for under-reporting, brokers (with no IPM involvement) have verified this to me, also Canadian rules allow shorts to _HIDE_ most of thier position, yet alone elsewhere... I've always assumed over 1 million and I think a boatload went out in the last 2 weeks also... As a gut instinct, I've also felt 800,000 is just too low for the affect and effort they've put against IPM. I believe higher for sure... 2 million, plausible, these people are fat, fat, fat from DELGF, reality as usual is probably in the middle -- and probably a fluid not static #. Also, all must remember the shorts are not a homogenous block. They are multi-tiered from institutional, MM to "retail"... with varying degrees of strength and vulnerability just like the longs. Lew