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

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To: gg cox who wrote (1062)10/4/1999 12:32:00 PM
From: keith massey  Read Replies (1) of 5053
 
Nice....Am I the only one who just saw the Yorkton action....dumped with market orders to drive the price down and then does a 47,000 share cross at .66.

Just my opinion but in my experience this type of action usually happens right near a bottom when houses (e.g Yorkton) dumping stock are almost out of shares and they make a deal for the last block(s) with existing clients at a slightly lower price. They dump the last of their shares to get the price down and then do the last block to clean house. I have no idea why Yorkton was dumping shares and won't even bother to speculate since it could be tons of reasons and they would all be guesses. I guess continued selling by Yorkton in the next week will give us a clue if the above guess is right.

Since I am on Haywood watch...Yep, three more buys again this morning and they were the one with the inside bid at .69 first thing before Yorkton drove the price down for the
cross. So that make 280,000 shares in the last 17 trading days without a single sell and an average price of .69.

Best Regards
KEITH
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