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Gold/Mining/Energy : International Properties Group (IPX-TSE)
IPX 44.18+0.4%Oct 31 9:30 AM EST

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To: trustmanic who wrote (59)3/24/1999 1:27:00 AM
From: JayPC  Read Replies (1) of 104
 
<<Any idea which house bought that 100K @ 0.89?>>

Dominion Securities bought 98000 shares at .89 from Gundy

Gundy had an ask in for around 145000 shares at .89 for the last couple of weeks. Was/is Gundy trying to keep the share price down? If we see another huge block like that on the ask side then the answer may be yes.

Clearly today however, investors made a strong statement that this company is worth more than than Gundy's .89 ask. Once we broke through .89 we quickly moved to $1.00. Barring any further large blocks like that, i expect we will see this stock continue to rise.

Today IPX broke through its 200 day moving average, a strong buy signal.

Regards
Jay
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