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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: Ed Devlin who wrote (21267)9/25/1997 11:03:00 AM
From: Larry Brubaker   of 35569
 
Hi folks. I think I may have noticed a little pattern to the trading of the past few days in which the stock is weaker at the opening but finishes stronger (people afraid of being out if the release is made while the market is closed). I would guess this pattern will continue, and that there will be some serious buying tomorrow afternoon from those who do not want to be out over the weekend.

Having said that, I would have expected more overall strength if the market was anticipating that the release is days away. I would guess the lack of overall strength is due to the "Boy Who Cried Wolf" factor. IPM has now set and missed so many deadlines that they are not being taken seriously when they set another.

By the way, price of gold is jumping this a.m.

biz.yahoo.com
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