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Gold/Mining/Energy : Informission - web, B2B, & telecom software
IFN 13.67+0.1%Dec 30 4:00 PM EST
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To: Mephistopheles who wrote (15)5/12/1998 9:53:00 PM
From: BM  Read Replies (1) of 192
 
Interesting trading since the IPO on April 22. There was an initial
flurry after the IPO of course but things seem to have settled into
a waiting game.

May 1 43,000 $12.10
May 4 69,000 $12.35
May 5 20,000 $12.15
May 6 95,000 $12.25
May 7 34,000 $12.20
May 8 37,600 $12.20
May 11 49,000 $12.25
May 12 95,200 $12.10
======
442,000 (approx) Note this is combined TSE/MSE total - SI
shows TSE volume only.

Who will blink first? - the traders who got in on the IPO (and may be
anxious to move on with their 20% profit) or the tech investors who
want to get in before the release of significant news?

My reading of the narrow price range suggests that the IPO types who
want to move on are getting picked up quite quickly. From what I
could see on Stockwatch (last 10 trades only), the sell side was
from Newcrest while buyers were from three of the brokerages who
underwrote the IPO.

Any thoughts?
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