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

To: go4it who wrote (29394)	12/20/1997 11:35:00 AM
From: Brander	Read Replies (3) \| Respond to of 35569

As of 11/30, short interest was 845,00 with an s/a ratio of 4.5. Short interest had been gradualy going up since August.It will be interesting to see the figures for December in a couple of weeks. Concerning the recent stock price, it is behaving like Zeev predicted. The financing put in a floor of around $1 and resistance at around $2. The resistance is from those receiving the financing, cashing in their shares for healthy profits. I am not sure if this is what is happening, because it might be too early for the Reg S shares to be converted, but there did seem to be some reistance just above $2 on Friday. Time will tell. If this is what is behind the current trading pattern, then it will take a perceived change in fundamentals to break through the resistance. Brad