T.ITE: iTech Capital (TSE) Message Board

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

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To: Mr. Oil who wrote (3260)	12/18/1999 4:32:00 PM
From: marcos	Read Replies (1) of 5053

No, i wouldn't rule it out either. Clearly jdx is talking to a lot of people in the ordinary course of business, and those people likely know a lot of other people. It is easily possible that something specific got out. But you can also explain it by observing that more and more eyes are on Jordie, and when people see others taking out offers, as Canaccord did yesterday morning, the effect snowballs as they start taking out a few offers of their own. Of course one always suspects that imminent news could have leaked, but we all know it's coming soon in any case. Maybe not till mid-January, but so what, we'll all be busy out of the market for most of that period anyway. Better to get your gear on the bus and nail down a seat in advance. So i think relatively little buying can precipitate small runs like yesterday, and i expect others like it, quite unconnected with specific imminent news. You could still move this thing a long ways with a million loonies. Or whatever else you happened to have in your sack, say maybe Swiss francs.

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