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


To: Mr. Oil who wrote (1670)11/10/1999 7:17:00 PM
From: keith massey  Read Replies (1) | Respond to of 5053
 
Ray..

Unlike large cap. stocks, pennies often don't go back to fill the gap ever. Although on the day chart this looks like it has gone straight up this is in a large part due to the scale of the day chart. If the chart was on a larger scale (look at the week chart) this move isn't actually that big. If you look at the day chart this has actually been a fairly steady and reasonable rise. However I wouldn't mind doing a little consolidation either in this range or higher to really get ride of any selling pressure or weak hands.....either that or a really high volume day at these levels.

I am just uncomfortable with breaking a new high unless we have news to support it.

We have the Medsite.com S1's coming out very soon and we are overdue on news from the company. I would much rather have a run caused by news but I don't mind feeling uncomfortable if it breaks the high and runs on no news <gg>

Best Regards
KEITH



To: Mr. Oil who wrote (1670)11/10/1999 8:25:00 PM
From: md1derful  Read Replies (1) | Respond to of 5053
 
Hi guys: I am long at .7 loonies...I remain somewhat unconvinced on any of this move up unless we get monster volume and any breakout to new 52 week high will need over 1mill shares imo and then a confirmation...otherwise I fear these past few days are more in line with mm manipulation, meaning we could easily go down this much on the same volume...but I know our day will come with the monster move...with a float like this we will need a couple of days of 1 million or more for this rally to be believable and more importantly sustainable