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Gold/Mining/Energy : T.ITE: iTech Capital (TSE)
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To: marcos who wrote (4618)4/16/2000 9:35:00 PM
From: CF Rebel   of 5053
 
With all the incubators down 65-80% of their highs, we're definitely very near the sector bottom. Only someone really hard-up for cash could sell now. The market has been indiscriminate about this correction and, as usual, thrown out the baby with the bath water. The real businesses will survive and prosper, and iTech is a real business.

I'm still slightly in the black with my iTech holdings and this drop hasn't bothered me. It's actually amusing to see such "panic" amidst companies that are otherwise going about their normal businesses. I bought my piece of a good business and it will do very well irrespective of the sector's current unpopularity. Anyone not yet into this or other good companies will be someday pleased if they get in here. Get in when no one wants to touch them, like now.

Of course, companies are affected in their ability to raise capital for strategic purposes in times like these, but the good ones cope and keep moving on. Medsite should not IPO until market psychology has turned around.

CF Rebel
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