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

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To: Claude Cormier who wrote (2985)12/7/1999 10:19:00 PM
From: F. Evans  Read Replies (1) of 5053
 
Just my two cents....I've never proclaimed to be a technical expert but the stock has been on quite a tear since the beginning of November...this re-tracement is healthy for a stock and helps establish new support levels while giving profit takes the opportunity to re-shuffle their positions....I agree though that a dip below the $1.00 level might trigger some ugly stops but it showed good resilliancy today when she came back up from the $1.04 level to close 9 cents above that mark....there is nothing fundamentally wrong...I can't justify worrying about pennies and trying to day trade this stock for nickles and dimes....take a long position if you like it and sit tight..the DD by Keith is exceptional and if you like it then buy into it...(not directed at you Claude just a general comment).

Frank
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