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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?


To: Tim Hall who wrote (27961)11/21/1997 2:46:00 PM
From: Bruce McGaughey  Read Replies (2) | Respond to of 35569
 
As you might have noticed the volume has been HUGE since the
report was issued.
I'm sure what most will say is that the volume just reflects MMs
passing the stock between themselves so they can do more shorting.
But, I look at at a 10-day chart of On-Balance Volume and I'm
seeing a decided change of direction, which began yesterday
(Thurs.).
It really heated up early today and has since turned down in
the afternoon today.
My guess is that the MMs were just picking up more shares yesterday
and today in hopes of selling on Friday afternoon so that everyone
goes home with a very sour taste in their mouth for Thanksgiving
week.
Any other thoughts from you chartists out there ???
BTW: has anyone noticed how well silver is doing ???



To: Tim Hall who wrote (27961)11/21/1997 2:48:00 PM
From: Laser  Read Replies (1) | Respond to of 35569
 
Tim,

Who is Terry Christopher? Is he a geologist employed by IPM? (eom)