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Gold/Mining/Energy : International Rochester Energy Corp. (T. ROH)

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To: Ed Ajootian who wrote (273)12/18/1997 11:50:00 PM
From: Terry Christopher  Read Replies (2) of 934
 
Ed:

<<So I'm wondering now that if the market is ignoring this well so far it could well ignore it even after the results are out.>>

A press release so late in the season has no effect on a stock. Most small players have given up on stocks for this year and are looking to 'tidy' their accounts. The bigger players are seeing the end of their quarter just a few weeks away. These 'big players' will take profits to preserve their quarter performance, and latter go back in. Not saying ROH is subject to much of this, but I'm sure some big players are watching.

I hope IR have an effective awareness program ready for the New Year - the early 'plays' sometimes get the biggest gains.

TC
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