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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)
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To: Claude Cormier who wrote (705)7/16/1999 4:19:00 PM
From: keith massey  Read Replies (2) of 5053
 
The close at .85 today was outside the downward trend channel that has been in place for 4 months and also a break to the upside of the large symmetrical triangle that has been forming for the past 9 months. It was not on super high volume so the break could still end up being a whipsaw but it is sure looking positive right now. Hard to say if this is just technical buying because of the break in the downtrend or someone knows something that we don't. Of course it could just be people finally see the potential in the Medsite.com deal.

The Internet IPO is unreaslistic and unsustainable

I total agree. That is why I keep saying I hope we stay hot for at least another 6-7 weeks. If Healthgate has a huge first day on Monday I would expect some buying interest in JDX. As far as I can find out Medsite.com is the next big medical IPO so the market may gauge Healthgate's move on what to expect from Medsite.com and start doing some potential numbers in their heads.

Let's hope the market will be crazy one more time before it falls from the cliff.

The nice thing about JDX's position right now is that if the market does "fall of a cliff" JDX can just get back their 1.5 million plus a huge 8% interest<ggg> and still have all their cash to make a deal. In addition, if the market does "falls of a cliff" and JDX has not made a deal yet can you imagine the great terms they would be able to negotiate then.

I still see the Medsite.com deal as a win/win situation. However like everyone else it is THE DEAL that will really be the one to watch.

Best Regards
KEITH
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