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

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To: Claude Cormier who wrote (897)9/14/1999 4:47:00 PM
From: keith massey  Read Replies (1) of 5053
 
Claude...

I agree about the breakdown of the market. Last week I pulled my parents and relatives out of the markets completely and put them in GIC's until all this tension blows over. The A/D line on the S&P is getting just freaky lately, the U.S dollar is in freefall and inflation is popping up all over the place ....not a friendly broad market. Other than JDX I am a very short term player so I have nothing to pull out <ggg>.

I have said this several times that I see .60-.62 (62% Fib. and Mr. Civelli's private placement price) as the biggest downside risk to this stock. I started adding back to the pile in the low .80's and will continue to average down to .60 if given the chance (dumped most of my .40-.65 stock bought last year near the top). I try and look at each stock as risk/reward and the reward of buying some at .70 today far outweighted the risk in my opinion.

This triangle could just as easily break to the upside as the down. If Kaiser's report is as bullish as I expect it will bring a whole other group of buyers into the market. His subscribers haven't been informed of the Medsite.com deal yet.

The best timing for JDX to complete an acquisition seems to be at the depth of the next correction where the market mood will be more depressed and prices lower

I agree....however there are so many people following JDX now the first piece of good news with volume to match should cause a huge run. I know of dozens of people sitting on the sidelines and waiting for the first sign of a breakout to jump on board the stock.

Best Regards
KEITH
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