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

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To: 1st.mate who wrote (523)5/31/1999 11:10:00 PM
From: keith massey  Read Replies (1) of 5053
 
Hey Matey

Not trying to getting anyone hooked...just putting my thought down on paper. This stock can get really addicting.

RISK

In my opinion if we have a very long dull summer with no news releases the ultimate risk in this stock is the low .60's (20-25%). If this happen (heaven forbide) I will be buying all the way down.

The low .60's is .15 below the cash level and at the same level where the news first came out and the insiders purchased their shares. In my opinion it would take a market crash or an act of god to get this one below the .60's. However I personally didn't want to take the chance of waiting for it to sink into the .60's or .70's just in case JDX release the news tomorrow and the stock gapped up huge. I have extra cash for averaging down but already own a ton of stock.

REWARD...

What can I say...blue sky!

Best Regards
KEITH

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