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

To: go4it who wrote (27398)	11/18/1997 1:39:00 PM
From: Wildcat	Respond to of 35569

Chuck, You're right. If this company had no value then we would have seen a lot more than 2million shares traded. Divide by half then we get just over 1million. Alot of these could have been traders. Therefore, there is not a great selling rush, just the price being pushed down. Wildcat

To: go4it who wrote (27398)	11/18/1997 1:39:00 PM
From: Proton	Respond to of 35569

Re: Dumpola Doesn't anyone else wonder why more shares aren't being sold? Large holders may not sell: 1. Gold funds aren't sitting on many capital gains (to say the least), so this incentive to sell a loser like IPMCF is lost. 2. They put so little money into the stock, as a percentage of their overall assets, that trying to manage their exit may not be important. 3. Holders of size are stuck like a bug on a pin. Two won't hold if a quarter-million hits the market. The fact that big guys aren't selling is not, in and of itself, encouraging. I'm off to lunch. Pý

To: go4it who wrote (27398)	11/18/1997 2:45:00 PM
From: Bill Jackson	Respond to of 35569

Charles; $2 is often a magic number for margin. Under $2 has no ability to be margined at most brokers. Some will not margin any CDN stock, others in between. If IPM closes under two there is a risk of a margin cascade downward as those under margin are forced to sell. There might be several margins calls, some at $5 and some at $4m $3m and finally the last one at $2, as different brokers enforce different margin rules. Was there a bunch of selling as each $ mark was broken. Bill