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

To: CF Rebel who wrote (1893)	11/15/1999 9:00:00 PM
From: keith massey	Read Replies (2) \| Respond to of 5053

CF I don't remember saying anything about institution(s) buying and if I did it was a mistype. It is very possible that institution(s) were on the buy but I see no evidence either way to support or refute this claim so I am staying neutral. If I had to guess I would say many institutions would not do any large buying until after the plans have been announced which means there is a lot of buying still to come into the stock. 2. Are there many institutions willing/allowed to pick up shares priced this low or do we have to wait until the company breaks some "barrier" price-wise? Although I don't think there are any restrictions on price many fund managers and institutions do have "magic numbers" that a stock must be above before they will buy. This could be 0.10,$1,$3,$5,etc. it all depends on who you talk with. I know that several several investors will not buy a stock in Canada until it can be margined - $3 with Greenline and is on the TSE. Other people won't touch a stock unless it is over a $1...other $5. Each price barrier we break should bring in another group of buyers. Personally I think this is a stupid way to invest and will buy a stock at .01 or $100 if I think the risk/reward on the trade is right, however this is how the world works. You can be sure that the break through a $1 brought a whole new group into the stock last week. Best Regards KEITH

To: CF Rebel who wrote (1893)	11/16/1999 11:23:00 AM
From: Nathan Hansen	Respond to of 5053

"2. Are there many institutions willing/allowed to pick up shares priced this low or do we have to wait until the company breaks some "barrier" price-wise?" Rebel, institutions usually invest on the basis of market capitalization which of course, has to do with price, unless there is a major financing that causes the outstanding stock to reach a number you could call the "barrier". That is "USUAL", but not the absolute. Looks like a good day for increasing position in Jordy. cheers