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

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To: AriKirA who wrote (3300)12/20/1999 12:10:00 PM
From: keith massey  Read Replies (1) of 5053
 
Ari

Just pointing out why the stock took that large dive from 1.69 to 1.51 this morning... no reason guessing who is was. They only thing I hate is when short term players panic and don't make a graceful exit and just dump until they are out hammering the price and setting off other peoples stop losses. This is the same thing that happened when Schwab dump the stock down from $1.36 to $1.20 right after the good news came out a few weeks ago. I have nothing against day traders/momentum traders since I do it all the time but just hate when the stock gets killed like this by a person(s) panic selling in large chunks because the price looks weak for a couple of trades which sets off the safety stops of longer term players. There are better ways to get out of a large position.

Best Regards
KEITH
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