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


To: Claude Cormier who wrote (1866)11/15/1999 1:52:00 PM
From: Condor  Respond to of 5053
 
Claude, I had a good talk with Jim Graham in New York around noon. Didn't learn anything earth shattering but have very good vibes from the conversation. I will discuss it later on the thread, gotta go now, big things happening on one of my stocks.:o)
Later
C



To: Claude Cormier who wrote (1866)11/15/1999 1:56:00 PM
From: Kevin Hamlin  Read Replies (1) | Respond to of 5053
 
I'm pretty pleased with how JDX has been trading today. The Georgian selling is annoying....I never was much of one for delayed gratification! Here's a few thoughts.

1) The $1.10 level acted as a very nice point of support today. The bids have been building steadily since touching that point. Currently there is close to 40,000 shares bidding $1.11-$1.15 I can't even see the $1.10 level any more on the depth.

2) If you pull up the intraday chart, (5 min candlestick) there is a nice ascending triangle forming with the $1.15 level being the resistance. Very nice pattern forming here.

3) If you pull out the 5 day chart (15 minute bars) you get to see what looks to be a very nice bull flag formation. If you take the first leg of the run as .90 cents, and the middle of the flag represents the 1/2 way point of the overall move (approx $1.25 level), then we should see a nice move up from here breaking through the previous high (again).

4) Volume is decreasing, further signaling a possible bottom for this (overall) leg up. (Also very viewable on the 5 day chart.)

Given these points, I'm very comfortable with where JDX is. Imho, the consolidation at this level is almost ending....and will end even faster if Georgia gets out of the way.

Regards,

Kevin