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

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To: J-R who wrote (696)7/15/1999 1:05:00 PM
From: keith massey  Read Replies (2) of 5053
 
Hit a high of .88 on over 100,000 on no news and sitting at .86. Not bad for only 12:00. 40,000 on the bid from .80-.85 so it looks like we are going to get a little support at this level.

Georgia Pacific is still on the sell and holding this down a little. Hopefully they will run out of shares one of these days. The volume has picked up but it is hard to tell if this is people rushing to buy so they don't miss out on getting their shares before it runs or if news is on the way.

Either way I am glad I bought my shares in the .70's when I had the chance. In my opinion any close above .82-.84 or higher would probably show that the .70 really was the bottom and our climb back up the hill has finally started.

Best Regards
KEITH
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