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

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To: Claude Cormier who wrote (763)12/18/1996 5:47:00 PM
From: J.L.   of 35569
 
Hi Claude, I'm feeling pretty good after the move we had today. However I thought your breakout number of an even $3 a bit dubious as I thought it was breaking out last month and bought just above $3 only to watch it drift down quickly.
The actual numbers (to break above) are;
Daily;
July 7 close-$3.25 Sept.20 close $3.25 Nov.18 close-$3.13
The weekly close numbers are;
Week of Sept.23- $3.19 close weekly Vol.258,000
Week of Nov.18- #3.13 close weekly Vol 592,300

It looks to me like we have a real one this time, the tops listed above were all false moves. This one has much more volume on a weekly basis. It's only Wednesday and we have already surpassed the volume numbers for the week of Nov.18 and shot through that price level like the proverbial knife through...

Can't wait to see what "the news" is and see how this one trades on the morrow.

Regards, Jeff Lund
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