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

To: keith massey who wrote (1896)	11/15/1999 9:38:00 PM
From: SwampDogg	Respond to of 5053

<<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>> Of course margin requirements also contribute to the snowball effect as venture/spec stocks get higher.