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

To: keith massey who wrote (1292)	10/27/1999 7:11:00 PM
From: Kevin Hamlin	Read Replies (1) \| Respond to of 5053

After seeing that house 38 selling yesterday, I took the time to go back through 2 years of their trades, and there was nothing to see that I found the least bit worrisome. To me it looked like one individual who was a bit of a trader...not a day trader, but more of a short-medium term individual. Pull up house 38's trades for the month of March, and you can see their "nature". During this month, they were buying in the first half and then sold half of this position during the second half of the month, most a decent enough profit. Overall on the month, they were up net 100,000 shares, much of it in the .70 cent range. (Prior to March, there really isn't much house 38 to speak of at all.) In April, they drew in close to 50,000 more shares, but paid big....an average somewhere in the .90's. So this now puts them up around 150,000 shares. May, dropped about 10,000 shares. June dropped about 25,000 shares...so this puts them at about 115,000 shares. July they dropped 35,000 shares and August nothing...so now they're at about 80,000 shares. September was down 5k, so holding about 75,000 shares....which then brings us to yesterday's selloff. (Yes, I know they sold more than 75k yesterday....that's just my rough math calculations kicking in!) So why the selloff?? Well, it could be a couple of reasons. This person has been in for a while, so maybe the just got frustrated at the two recent moves up that didn't (yet) pan out....and they bailed in a little hissy fit of frustration. If this is the case, I think they shouldn't be in the market at all, as their sense of timing is remarkably poor. More likely, it looked like it may have been a margin call. The selling was aggressive enough that it looks like they were told to come up with some cash....now. As intense as their one day selling was, the overall size of their position (which was not that big....i.e., not one of the "big boys") and the way they were willing to trade it, certainly doesn't lead me to believe they were acting on any information at all. This was further backed up with today's lack of selling by them. I would say they're gone. So I was happy to pick up some of those shares yesterday, and grabbed a bit more today too. Personally, I don't think there will be too many more of those kinds of opportunities! Regards, Kevin

To: keith massey who wrote (1292)	10/27/1999 9:15:00 PM
From: kanda	Read Replies (1) \| Respond to of 5053

keith, I think all of us newcomers to JDX became so excited about buying the stock last week that we may have caused a premature pop.<gg> I, for one, would never sell this stock for beer money! I remember too vividly what happened to me where MCF was concerned, I traded that stock dozens of times on each little popup for small profits each time. But, I completely missed the big runup, I was out when it began to run bigtime and kept thinking it would drop back again, but it never did. Lost thousands in potential profits on that one. I have not traded that stock since. I am very comfortable with my shares in JDX and intend to add more. I'm not saying I won't take profit at some point, but I won't be repeating that same mistake again with JDX. kanda

To: keith massey who wrote (1292)	10/28/1999 1:08:00 PM
From: marcos	Read Replies (1) \| Respond to of 5053

Tomato says Peter Lynch calls it 'de-worse-ification' -g- ... I still have mixed feelings about the merits of diversification, but in general the increased access to information since getting this computer three years ago has led me to hold less and better stocks, to follow them more closely, and to be much better informed on them. So by that action i guess i'm agreeing with the O'Neil quote - logically, a perfect situation where an investor could know all relevant facts and be able to completely understand their effects would lead him directly to identifying the best of the best, the Numero Uno leader of the time period selected, and of course that is the only one he would buy. But as human beans we are fallible, we're all ignorant to varying degrees on various subjects. The more ignorant we feel, the more hedge we feel we need. I guess i feel 47% ignorant, because only 53% of what i have in stocks right now is in jdx. There are other factors, like a tendency to hang onto free shares of those stocks who've treated me well, and a tendency to always be looking for something new ... but yes, O'Neil is right, i don't put it all in one basket partly in case i'm wrong, or as is more often the case, i'm being right too early, which equates in the short term to being wrong. More and more, though, i'm leaning toward less and better stocks ... getting quicker on dumping non-performers, asking myself 'would i buy this again today' and 'if not, then why am i holding it' ... on the buy/hold/sell spectrum, the 'hold' category just keeps getting narrower, a trend the brokers likely appreciate greatly -g- .... cheers