T.ITE: iTech Capital (TSE) Message Board

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

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To: kanda who wrote (1155)	10/18/1999 3:13:00 PM
From: Condor	Read Replies (1) of 5053

I'll second that. I'm embarassed to tell you the bid for 15 k that I put in last night speculating on a rotten day across the board. Thought I'd be smart and scalp some cheap shares. This puppy obviously has a committed following. I have to imagine that there is HUGE support if it ratchets down in a prolonged bear market. Herein lies the conundrum for those waiting it out. Will it ever soften or is this forming a new solid base at these levels? Do I buy it at .74 or roll the dice and wait? If, and its a big "if", the markets consolidate here will I be forced to come in at .80 as opposed to the .67 or so I had hoped for. Personally, I'd be inclined to take a position at these levels and buy on any weakness. Having said all of this, I have a very full position as I speak but WILL come back in as a buyer on any significant weakness. I must assume that I am a typical investor here and therefore, many/most see it the same way. Conclusion: solid support in this range, and a position should be staked out now, leaving some manouevering room for further accumulation on any displayed weakness. The danger in procrastinating, as I see it, is that there are too many events in the offing and a surprise announcement (halt in trading ? some morning) could instantly shift gears on this stock. Anyone see it another way? Now, I have declared that I am fully invested in JDX so why spew on about this? Obviously, it is a thinly veiled attempt on my part to encourage support for the stock but also, I think there are many eyes on this stock ( newbies and lurkers and seasoned investors ) patiently waiting and I believe they are going to get caught with their "pants down" on this. It doesn't have to happen folks! Good luck. C

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