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

To: Claude Cormier who wrote (1455)	11/5/1999 11:42:00 AM
From: Kevin Hamlin	Read Replies (1) \| Respond to of 5053

<<< JDX has been looking for months and examining more than 60 deals I believe. SO far it got only Medsite.com>>> I have a different opinion on this statement Claude. My thought is there is and has been a lot more going on at JDX than they have announced. No doubt JDX management wants the biggest bang for the buck which will mean a well planned and coordinated timing of releases. If they had put releases out earlier in the summer or September, there might have been a move up, but then the price would have naturally fallen again during the quiet period after the releases. As I said before, it wouldn't be the first time I saw companies withhold news in order to maximize the timing benefit. How can they do this? They say things like "not quite ready" etc or "they're putting the finishing touches on the deal(s)" etc. I think this is most probably the case with JDX, with news and promotion to begin in the near future, leading very nicely into expectations surrounding the medsite ipo. Regards, Kevin

To: Claude Cormier who wrote (1455)	11/5/1999 12:53:00 PM
From: Crazy Canuck	Read Replies (2) \| Respond to of 5053

>>But the stocks do reach level of overvaluation. They have now.<< Morning Claude, I have been fairly quiet on this thread lately. I have decided to keep a low profile until we hear from the company as to the specifics of what they have been planning. Up until now, I have been quietly buying more shares, and when we hear the "full story", I then will decide just how much my overall position will be. I beg to differ (in part) with your blanket statements about the bubble being ready to burst, and stock are overvalued. This statement strikes me as too much of a broad brush comment. Granted, a person would have to be a complete idiot to not think that there are several selected stocks which are grossly (no make that obscenely) overvalued. However, I suggest that there are some great small to mid sized cap which could also be classified as nothing short of grossly undervalued. This is because these companies have been toiling in relative obscurity and have developed technological advances which offer "revolutionary" changes in speed, cost reduction, and efficiencies to the modern world as we now know it. My aim lately has been to find companies who are focused on E-commerce, E-business, Internet, and Technology, and who have developed revolutionary changes and enhancements which cannot be discounted as a fad or a mild curiosity. They will have made fundamental changes which bring with it exponential advantages. Nicholas Necroponti from MIT does an excellent job of opening up the possibilities of the coming advances we will all enjoy in the near future. I understand your comments, however I also believe that when the time of reckoning comes, it may be targeted at the big "over inflated" companies who have grown themselves to a point where they collapse in on themselves due to their accumulated debt. Irridium come to mind. I believe that for many of the new growth stocks who have a good business model (and which are not on our radar screens yet) when they are given the opportunity to show their stuff to the world - then there will always be a high demand for them. And, I am confident that investors will be willing to pay a hefty premium to own them in their portfolios. What these small companies often need most is to get their story told to the world. Everyone has to be able to see what they have to offer. They also often need the support and guidance from large investors and need to be linked into a network of complimentary / synergistic relationships. This is why I believe that ICG and others have hit upon a great model, which breeds success. The trouble is, I have not yet figured out a proper way to value these companies. Who knows, maybe some of the seemingly ridiculous valuations are indeed justified. If only we could look ahead 10 years, and see which were properly valued, and which weren't. If only . . . Crazy Canuk