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

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To: keith massey who wrote (2322)11/23/1999 3:09:00 AM
From: TheBusDriver  Read Replies (1) of 5053
 
Hi Keith

The reaction yesterday to the news was exactly what I was trying to say earlier. The longer the wait for the "news" the better it needs to be or the market will be disappointed because their expectations become very large. So the Enviromation deal blew a lot of people out of the stock because it was unexpected and far less than expected.

You were disappointed initially. So was I. I nearly dumped my shares. when the rally failed above $1.4 I became concerned again. Hopefully Kevin is not right but I see his point.

Why was the Enviromation deal announced first if it was the weakest? I don't generally subscribe to conspiracy theories but maybe someone wants the price down? Donno.

My gut told me to sell yesterday, but I have resisted the urge. Today should tell the story I think.

I think you are making some interesting points about positioning for JDX. This is the only reason that buying Enviromation could make sense for me. Thanks for posting your opinion.

Best to everyone holding. I say today tells the tale.

Wayne
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