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Gold/Mining/Energy : MTM/TSE & MTM/MSE - Mitec Telecom Inc.

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To: Ciao who wrote (54)5/26/1999 12:59:00 PM
From: Glen Gordon  Read Replies (1) of 70
 
Wait for results to double my position?

Results aren't due out until third week of June. I'll definitely buy more Mitec, but I'm not sure it will drop any further once the news is out. I had a bid in for $3 but it never got filled.

Doesn't seem to be much for sale now, and I know of some potentially large contracts in the wireless industry that would have a big impact on Mitec's Earnings (Rev starting before the end of Q1 (i.e. July). So need to decide whether to wait and hope it drops a little more before I buy or buy now. Either way, this stock is a bargain at $3.5.

I'd be interested in others view of the short term.

Glen

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