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Gold/Mining/Energy : Intrawest Corporation (ITW.TSE) (IDR.NYSE)
ITW 246.93-2.8%Jan 7 3:59 PM EST

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To: thomas gentry who wrote ()11/17/1998 8:04:00 AM
From: thomas gentry   of 46
 
Week ended November 13 in review

For the week, Intrawest fell 0.7% on the TSE, 0.6% on the NYSE.

Last week's choppy trading may well lead into a downtrend this week, particularly on last night's earnings surprise. As reported by Zacks Investment Research, Intrawest reported an EPS of $-0.05, a penny more than the expected -$0.04 for the quarter ended September 30.

Today's trading will be dominated by the "will he or won't he" drama of a possible FED rate cut. In combination with yesterday earnings surprise, if a cut doesn't materialize, today will be a seller's market for Intrawest. Let's hope that Greenspan gives the market what it needs today; a 0.25% rate cut.

Thomas

PS: This review is late this week due to log-on problems. I installed IE5 on Friday and inadvertently wiped out my saved SI user/password settings. My thanks to Jill for looking them up for me.
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