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

To: go4it who wrote (26881)	11/16/1997 9:42:00 PM
From: Bear Down	Respond to of 35569

What is going to prompt them to start covering their position ? From my point of view, nothing I see today. If the price happens to rise this week, I will continue to sell into the buying. It is only a matter of time, the company said 12 to 18 months, unless there is a HUGE news release between now and then, I doubt IPM can hold these levels. I look for it to level off in the $2-$3 range.....eventually

To: go4it who wrote (26881)	11/16/1997 10:31:00 PM
From: Robert Knight	Read Replies (2) \| Respond to of 35569

After reading through the hundreds of posts since my last log-on, I wanted to comment on a few things as it relates to tommorrows trading activity. First, someone mentioned that someone other than the institutions will determine the price of the stock tommorrow. This could not be the farthest thing from the truth. The institutions are THE key to where IPM trades in the near term and here is why..... With the "expectations" of the release not being met, the professional short consortium will use this opportunity to rock this stock as low as they can. How they will do it is they will start hitting bids with blocks of stock to see if the bid is a "strong" bid. For example, KEYZ is on the offer at 5 3/8's with TSCO on the bid at 5 5/16. The trader at KEYZ shows the bid (TSCO) 5000 shares at 5 5/16. TSCO can either take the block and stand firm OR take the amount of size that he shows that his bid is good for (remember the 99X10 discussion) and get out of the way. If his bid is not good for size, ie institution, he must get out of the way and the bid drops. If NO ONE steps to the plate to support the bid , the shorts will keep hitting bids until they can create selling so they can start to cover. The key will be at what level will someone other than the shorts step to the plate to be a buyer. Expect a full fledged assault at the bid in the morning. So what is one to do? I have always told myself that there are two times I concern myself with the price of a stock. When I buy and when I sell. If I believe in the fundementals of a company that has a pullback in price, I DO NOT panic sell because I have not lost anything until I sell. I try to utilize it as a buying opportunity or just ride out the storm. By "investing" in a company its like planting a seed. In time, I hope that I can pluck some fruit. I for one will be looking to buy tommorrow. So if you believe that IPM is making progress, riding out the storm or adding to your position is the best thing to do. If you are disenchanted and want to be on down the road, the worst thing you can do is try to dump shares tommorrow at the open. That justs plays right into the hands of the shortsellers. I will be around tommorrow to report the MM activity. I am pleased that IPM has verified their PM's via Bateman. IF they continue to make the progress that they appear to be making in "tweeking" this thing to get it right, we have one hell of a deposit in that desert sand. Yes its taking time, but so what? What matters is getting it right. I find it HIGHLY unlikely that a engineering firm of Batemans stature would be allowing their name to be a part of a so-called scam. Take a step back and remember why you invested in IPM. To me IPM's glass is half full. Yes it is taking some time, but people "there is Gold in there them hills". Best of luck to all. Robert