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

To: WhatsUpWithThat who wrote (1408)	11/3/1999 8:49:00 PM
From: Kevin Hamlin	Read Replies (2) \| Respond to of 5053

Pay the price WUWT! <g!> Great chart Keith. Hard to tell what will happen from here, but I do think the chart pattern is definitely establishing itself. Personally, I'm not expecting a pullback. Here's my thoughts as to why. 1) The volume today was very good and was based on just "normal" trading i.e., it did not involve any cross as there was yesterday. There looks to be a definite growing interest in getting shares of JDX. 2) Yorkton, who has been a pretty chronic net seller was a net buyer today. Furthermore, the buy side of Yorkton is becoming more aggressive. They took out good size at the .80 wall. Someone on that buy side is definitely looking to take down a sizeable position. 3) As I mentioned before, the trading just plainly "looks different" than the two previous recent rises. There is good solid bidding that is following the price move up, and each day is on good increasing volume. 4) No pullback to .80 this afternoon. This actually surprised me. Good strength there and a lot of trades going at the offer. I think too that JDX is starting to show that many shares are in fact in strong hands. This will further help the advance upwards. 5) We're close enough to the .85 mark that a lot of technical traders will enter the stock at this level, bringing in even more fresh buying. 6) I think people are starting to wake up that JDX may have developments that are fairly close at hand. Even though there has been a decent rise in JDX over the past week, I think we're only at the beginning of seeing this buying come in. The trading is still to "orderly" to think the rise is anywhere near overdone. 7) I think we are on the verge of developing a wider U.S. following. Things such as CBS marketwatch doing a nice coverage of Medsite, and threads on Medsite starting to pop up, will no doubt bring a growing awareness of what is about to take place. Once the U.S. investment community wakes up and realizes the (as yet undiscovered) link to Jordex that can give them a piece of Medsite pre-ipo, JDX may become much more active! 8) Keith, don't underestimate the power of a well written summary of JDX information. The story is "involved" enough that a lot of people just wouldn't or couldn't take the time to do the d.d. that you have done, nor read through all the previous posts. I think that once people read this summary and realize the strong potential that JDX has for a significant gain, many will buy in to the stock...and so they should! I think you posted that you were putting it out this Saturday morning which is very good to hear. It will be a great read for people over the weekend, hopefully followed by more buying the following week. Regards, Kevin