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

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To: stu powell who wrote (528)6/1/1999 2:42:00 PM
From: keith massey  Read Replies (2) of 5053
 
Stu

Sorry for any conspiracy theory. I really don't think the promoters are playing a ton of games. In my opinion the public is becoming bored with the stock and with a possible news blackout and the summer coming people are selling their shares in hopes of getting them back cheaper (.70's) in the next couple of weeks/months. In addition, the speculators that only hold for a couple of days or weeks that got in for the AGM have been unwinding their positions.

All the buying in the past few day has been small chunk retail buys except for the one 20,000 block crossed by James Capel. I just sold the shares I bought a couple of days ago at .78 for .90 today. I still have my main core holdings which I am holding tight for the news but this doesn't look like "THE" rally and I have a feeling this is buying caused by Kaiser's subscribers so a little profit was in order. The other reason I sold is that the offer was filling in to fast after the offer was taken out. Only professionals have the ability to place their offers that fast...if this was a really rally they wouldn't be selling so quickly. I plan on buying these shares back and more at .80 (or lower) when I get the chance. For the next little while I think .75-.80 will be the floor and I will accumulate in that area. If I am wrong and this is the real deal than I still have my main large core holdings and will have to chase the stock to buy back the shares I sold today and more.

Best Regards
KEITH
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