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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (1011)9/27/1999 2:24:00 PM
From: Crazy Canuck  Respond to of 5053
 
>>I am afraid of what the market will be when Medsite comes online in 2-3 months<<

I have to disagree. I am extremely excited about what the market will be like early in the new year!

People are very concerned about Y2K, so they are tentative with their investments.

Everyone is waiting for the Oct. 5th Fed Meeting, and if they raise rates, then the market may drift lower or sideways.

Near the end of the year, we will once again see the drop that the tax selling season brings. Once this is over, this money will come back into the market in a big way.

There is more of a focus on investing in Good Businesses, not just names (James Cramer just talked about this). Medsite.com is a very good business with great revenues.

So, all this taken into consideration, I believe that if Y2K is a non issue, then there will be considerable pent up demand for quality stocks. If the IPO for Medsite comes out in 3 months (early Jan), then this could be perfect timing. I also believe Keith when he states that several people will start to get excited when they see the filing documents being registered. This will generate a lot of interest and more eyeballs on what JDX is / has been doing.

Suffice to say, I will be adding to my position at these prices.

Crazy Canuk