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

To: Gerald Walls who wrote (27462)	11/18/1997 4:27:00 PM
From: Zeev Hed	Respond to of 35569

Gerald: I'll make it a point to put a GTC at 3.125 first thing tomorrow, this is one I am not going for the golden hook on, too volatile and too many institutions not liking low priced stock on their book. I am afraid that the rallies will be due to short covering and since the short position is not particulalrly large, after few days of wild gyrations it may settle down to the low to mid 1'. I have rarely seen such massacres, CTYS is the most recent one. Oh, PS, I just got a "cheerful" E-mail from, I believe none other that Qalter Anderson (at least that was the name on the e-mail) that I should expect $.5 to >75 by the end of the week, so maybe my gloomy estimate is too gloomy. Zeev