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Gold/Mining/Energy : Loews Cineplex Entertainment (LCX) (was CPX)

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To: musicguy who wrote (183)5/7/1998 5:40:00 PM
From: musicguy  Read Replies (1) of 295
 
This from Yahoo thread..

"Earnings will not be released. They will not release earnings because the merger is near. I have received word that the merger will take place within
the next two weeks. It sounds like they don't want a run up of the price before the merger. Why else???"

I dont know the source of this comment, but it makes sense... they do NOT want a run up in the price... it has been a little toooo steady lately.. people KNOW of the merger, and the positive earnings report, and still the price remains unchanged, even on days with well above average volume.....

look at the volume for last 30 days...

tradepbs.com

a few over 1 million share days, no movement... it doesnt matter what happens... someone or something is holding this pig steady.. when it is cut loose.....

I am accumulating... this will explode after the merger... and if it dips on the reverse, I will buy tons more..... it may turn out to be half my portfolio for a while...

MG
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