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

To: Anne Lamb who wrote (29397)	12/20/1997 10:35:00 AM
From: go4it	Respond to of 35569

Anne, The naysayers that are left here, although a bunch of jerks IMHO, are correct in one matter and that is that the fundamentals have not changed. We are at the end of the tax loss selling season. I think the shorts have covered and will not be back in the stock until it goes higher. Several people on the TA thread have stated that they have taken a small trading position in the stock again and I believe the price increase that we have seen the past couple of days has been do to institutional buying coupled with minimal (if any) resistance from short sellers. Do you remember how fast we went to the old high of $14? That is how fast a stock like this can move in the absence of short sellers. A fast rise attracts their attention which is why I am hoping for a steady slow progression from here with improving fundamentals to drive the price and take out some of the volitility. According to one of the general rules of thumb that I have heard people mention about TA, gaps usually get filled. We gapped from $5.5 to $3 in Nov.. Does that mean those gaps will be filled ? I don't know. I have sold what I could not afford to lose and will hold the rest until we go to either $100 or $0 which ever comes first. Chuck