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

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To: keith massey who wrote (2984)12/7/1999 4:04:00 PM
From: Claude Cormier  Read Replies (2) of 5053
 
KEITH,

For what its worth, I find todays retracement to the $1.04 level perfectly normal in this long term bull market. IMO, it represents a perfect buying opportunity.

The stocks appears to have tested successfully its 50 days moving average and found support near a level which is also a support level from last April highs.

The fundamentals are intact and as news comes out in the months ahead we should move higher. Of course, we need something concrete. An alliance with an investement banker or a marketing group is good, but it doesn't bring butter on the table.

A move below $0.99 would be very negative, though.

Good Luck and continue to informed us as you do. I enjoy it.

CC
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