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

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To: Condor who wrote (2656)11/27/1999 12:50:00 PM
From: Mr. Oil  Read Replies (4) of 5053
 
Folks please allow me a little space to input a tad of realism. There is a lot of upbeat talk on this thread which is alright but should not be the only views expressed. Sure it is expected by those who are up nearly 100% as I am, but the honeymoon euphoria is starting to get a little too mushy for my taste. These are stocks and often stocks can disappoint us. Lets not get too carried away!

I am long JDX and glad to be so but when a stock has moved up as quickly as this one, there is a strong likely hood of a sell off with the slightest bit of bad news or a perceived delay in management's ability in completing a deal which adds real value. There is no gold mine being discovered here. There is a shell company with cash in the bank some good management and good contacts which we speculate will pay dividends to the shareholders.

Management are positioning the company step by step to move the it into the arena of venture capitalists. As we all know just being in the arena 'does not' guarantee success. It will take time, time and more time before any deals can be found to prove profitable. I would rather we keep a realistic time perspective. It may well be January or even March before we can see any substantial news to move this company to a new level. The medsite.com IPO may come sooner but that will not guarantee success either. We must wait in hope and see. If it is delayed or not well received by the market there will be an investor let down. All of the present growth is primarily the value of speculation being added and that is often shaken out as 'investors' time tables are not met. Not because the company is not doing it's job well but because over zealous investors setup unrealistic time expectations. Some would call it HYPE. We want growth and deals and we want it now but they often don't happen for months. I don't think we should be realisticly looking for news every week. There is very likely no need to be jumping in every other day with more and more shares in fear of missing the boat. Where this boat is going is most likely going to take a while so some true perspective is healthy. We may be putting unrealistic pressures on management by looking for a deal just yet. These are just my thoughts and I am still long...but trying to be realisticly patient.

Ray
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