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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)
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To: Oliver who wrote (683)7/13/1999 4:17:00 PM
From: keith massey  Read Replies (1) of 5053
 
WOW...not talking to myself for a change.

Georgia has been on the sell off and on for the last 9 months and is normally the top seller every month. That is where most of the shares for sale have been coming from. I have gone back a couple of years and Georgia was a big buyer during the last major run and has been on the sell ever since. It is not insiders selling from Georgia or it would show up on the insider accounts. Georgia also wasn't on the buy in the .40's or .50's so this hints they are likely not connected or they would not have been selling down there and would have at least waited for the run. It is possible they are a mutual fund (Midas Fund?) now trying to get out of a losing position or an impatient investor who hasn't done their homework...take your pick.

Nice solid double bottom at .70. The depth is looking very nice the last couple of days with 80,000 on the bid from .72-.76 and a lot more support below that. The selling below .80 looks like it has dried up for now. Everyone must have been waiting for the bottom and it looks like we have put one in. I'm glad I got some shares at .71 last week because if this keeps up we might not see that price again. Now if we can only start a nice steady climb as the Medsite.com IPO gets closer I will be very happy.

Best Regards
KEITH
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