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Gold/Mining/Energy : Precious and Base Metal Investing

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To: GeoDude who wrote (23557)	11/5/2003 9:07:57 AM
From: NPValue	Read Replies (1) of 39344

Well, the real puzzling aspect of the BHP buyout is why the market viewed it so favorably. IVN shoots up 19% on the news on volume of about 3 million shares. Yesterday it declined 6% on 4 million shares, but I'm sure once the stock price started to drop, investors from the previous day wanted to lock in a good portion of the 19% gain. Wouldn't you? So, are you basically saying that the investors who drove the stock up by the 19% two days ago were stupid and completely misunderstood the press release?

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