T.ITE: iTech Capital (TSE) Message Board

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

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To: Keith Minler who wrote (112)	3/2/1999 11:06:00 AM
From: keith massey	Read Replies (1) of 5053

My take on the large bid at .62 is that it is a cap to keep the price down. There was a 100,000 share cap at .55 for almost 5 months prior to this last run-up. During that time 6-7 million shares traded hands between .43 and .55. Every time it got near .55 the retail audience would see the large bid, panic, and move the price the other direction. Gave someone a perfect time to accumulate a couple of million shares. The weird thing is that I went over each houses trading for the past 9 months and couldn't find any obvious distribution or accumulation. The buying and selling has been coming from all over the boards. It could be that the people accumulating the stock have several different accounts or that I am getting very cynical and see manipulation every where I look. Best Regards KEITH

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