Ivanhoe! Up on 6x Volume!

Up on massive volume (6X the average daily volume) is Ivanhoe Mines Ltd. (USA) (Public, NYSE:IVN), with the stock price surging over the +23% gain mark.  NICE!  So, why is this important?  Simple, because big volume and big price gain typically means that the hedge funds or mutual funds are laying a stake in the company.  Now, why is this important to you the individual investor?  Because it can be a chance to make M-O-N-E-Y!

It seems the company negotiated a slick deal with the Mongo Gov’t to essentially repeal a law that would have taken close to 70% of the profit extracted from the mining operations for copper and gold…  Ouch!  A little hard to run a business when someone is taking that much of your profit, almost sounds a a little mafia-esque.  Well, regardless, Ivanhoe worked their deal and their share price showed it today with a nice gain.