International Properties Group (IPX-TSE) Message Board

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Gold/Mining/Energy : International Properties Group (IPX-TSE)

IPX 39.55

-5.1%

3:26 PM EST

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To: Marcman who wrote (5)	10/8/1997 11:42:00 PM
From: Carl	of 104

Marcman, hi again. Seems like we travel in the same circles :-). The trading in IPX has me totally perplexed. I don't know if you study charts at all, but this one is most peculiar. The price has fallen to the 1.80's (I suspect because of the PP) and trades in an extremely narrow range as if it is being controlled by some invisible force. It's probably my ignorance of how these things work, but I just can't figure out why it does what it does. The last time I saw a chart like this was Stampeder. It fell to a flat narrow range and then, kaboom!, out of nowhere it got bought out by another company a couple of bucks above the level it was trading. I wonder if something similar is going on here? Probably just my over-active imagination. I going to call Stephan Katmarian at C.M.O. in Toronto tomorrow and see if he can shed some light on what's going on. I'll let you know what I find out. In the meantime, I appreciate any insights you might have.

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