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

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To: keith massey who wrote (840)8/27/1999 12:00:00 PM
From: keith massey  Read Replies (1) of 5053
 
Looks like we have put in a hard third bottom at .70. You know what they say "third times a charm".

The stocks been creeping up for a couple of days and those blocks at .74 and .75 are gone. This last bottom was tested on very high volume and held up fine which is a very good sign from a technical standpoint.

There is still some overhang at .80 but any good news (e.g S1 filings by Medsite or Kasiers report, both due in the next 1-2 weeks) should push through the .80 level without any problem. The people following JDX continues to grow everyday as the word of the stock get out there. Just look at the number of people posting about JDX on the various chat sites across the net and you will see a lot of new names popping up daily. The great thing about have a large following is that when the deal is finally announced or Medsite.com comes out the stock will move like crazy.

Best Regards
KEITH

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