Canadian-under $3.00 Stock-Picking Challenge Message Board

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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: Duff Gain who wrote (1183)	3/17/2001 6:50:27 PM
From: Al Collard	of 11802

Hi Duff, Your in with ITE-t @$.24 for 41,666 shares. Chart for iTech Capital Corp.(ITE-t): stockcharts.com[l,a]declnimy[pb50!c20!b100!b200][vc60][iUg!Ll14!La12,26,9!Lf!Lh14,3] Looking at the chart of this stock one can see it looks like oh so many in this current downtrend...ugly!!! The stock closed $.01 above it's 52 week low but on low volume. The Slow Stochastics is entering the oversold zone but the cross over of the -DI above the +DI line on the ADX denotes there may be further downside. The 50MA @$.29 is going to be a resistance line of importance in any attempt of this stock to rally. The one other thing of note is the lack of any NR from this stock since last October, strange to say the least. Despite the bearish indicators on this stock I suspect the bottom is in and definitely look for a bounce from these levels. Good luck with your pick this week, Al

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