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


To: Frankly Speaking who wrote (1808)11/12/1999 3:22:00 PM
From: keith massey  Read Replies (1) | Respond to of 5053
 
How come everyone thinks the news will send it higher

Good question... a good majority of the players still don't know about this play because the company has not started promoting itself yet and the company hasn't released news in ages. You are correct that some speculators will sell on the news, but news from the company on a strategy change/deals/name change will be a huge fundamental change for this company. This change will be written up by various sources and this should bring in a whole new group of investors who are looking for long term holds based on fundamentals. Other than this thread there is no real publicity for this stock at this point.

Best Regards
KEITH



To: Frankly Speaking who wrote (1808)11/12/1999 3:33:00 PM
From: Crazy Canuck  Respond to of 5053
 
>>Just a newbie question. How come everyone thinks the news will send it higher? Don't you sell on news (or buy some more if you're gonna hold for longer term)?<<

Look at it this way . . .

This company has been working behind closed doors for about a year. They have stated that their goal is to build a company that will significantly increase shareholder equity. The first deal they signed could conceivably increase their treasury by about one third. This deal only cost them $1.5 million. It is estimated that they could do close to 14 or more deals like this.

I for one want to be holding as many shares as possible on the day they come to the table and let everyone know what they have been working on. If this one deal is any indication of the quality of the rest, then I get pretty damn excited when I think about where it could go.

I suggest you re-read the DD summary Keith put out and then decide if this increase is all we can expect for a return on our investment.

I really don't think that this is anywhere near where this stock will end up. I am not trying to hype this, I just believe totally in what I just said.

Let's talk again, after the news is released.

Crazy Canuk