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


To: Robert J Mullenbach who wrote (27580)11/19/1997 9:48:00 AM
From: Bob Aldridge  Read Replies (1) | Respond to of 35569
 
I'm very pleased to see the shorters still here. If this tread was completely dead I would be much more concerned. The short position still large and they have a lot of work to do before they can cover completely.

This stock is now good value and the institutions have yet to make their move. I believe a fair price to be around $3.5 - $4 but this will only materialise once all the emotion has receded and the fundamentals kick in. This may take a few weeks yet and while the shorters are in volatile times are guaranteed.