T.ITE: iTech Capital (TSE) Message Board

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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)

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To: AllansAlias who wrote (3801)	1/19/2000 8:21:00 PM
From: Rob Davis	of 5053

Allan, I'm still long but today makes me waver as well, and I could be using the funds in stocks with more movement If you feel this way, why don't you sell part of your JDX and invest in the stocks with more movement? I strongly believe that you have to be comfortable with your chosen strategy. Any given strategy could fit very well with some people's timeframes and risk levels, while being totally at odds with other people's. Holding for a spike might not be a reasoned approach. Again, very true. I'm certainly not in this for a "spike". If I was, I'd like to think I would have been long gone somewhere in the $1.70s or $1.80s. Until proven otherwise, I believe in what the management team is doing and I'm in JDX for the medium/long term. My thoughts are that they are going to build this company slowly, surely and sustainably. Am I happy that the stock is now at $1.30...depends on how you look at it. Two and a half months ago it was at $0.80 (my average cost). I'm very happy with a 60% gain in two and a half months. Obviously I would have liked to sell at the peak and buy back at the lows, but (a) it would have taken more skill than I possess, (b) it certainly would have taken more time tracking it hour by hour over the past few months. My plan is to hold it until it appears overvalued. I don't think we are there yet. I don't think we were there at $1.87. Part of me hopes that it never becomes "overvalued". Ideally, I'd like to see steady growth in the company followed by steady but reasonable growth in the stock price for the next 10 years. :) If the stock price gets too far ahead of the fundamentals it becomes a guessing game of when to sell and when to buy back in as the price corrects itself. Sorry for rambling...just some thoughts from a "non-trader". Kinda funny since my long term goal is to daytrade. :) Hopefully JDX will one day allow me to do that (from a financial point of view). Cheers, Rob

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