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

To: Shack who wrote (1979)	11/16/1999 9:24:00 PM
From: Kevin Hamlin	Read Replies (2) \| Respond to of 5053

<<< Nesbitt should have just called Georgia....would have saved a whole lot of time.>>> I agree. There are often times when institutional investing is involved that I can't make sense of what they're doing. Particularly when they want out of something, they often sell indiscriminantly (much like Georgia has been doing over the past 1/2 year at silly levels.) In cases like these my thought is the fund manager just decides to sell and doesn't really care too much what it does to the share price. While it may hit the individual stock hard, it probably only represents the tiniest portion of their overall portfolio....i.e., they just don't care. This kind of scenario is just fine by me as it often presents great opportunities to make some money on their reckless approach. Their selling temporarily knocks the price down to artificially low levels. I buy. They end their selling, and the stock naturally moves back up. I think too that we're in the midst of this scenario with JDX, i.e., Georgia's selling has put a damper on JDX's rise in share price, but only temporarily. Georgia will get out of the way and of course the price will rise. Supply and demand will take care of that. Then there is often a secondary phase to this rise as many others buy in on the upward momentum that the stock is displaying. This further move brings new interest and attention to the stock of many others who still don't even know of JDX, and so the cycle upwards continues. The only thing I can think with Nesbitt is perhaps they don't want to bring too much attention to their buying by doing some huge crosses. Hard to say for sure what their motive may be. Regardless of what it is, they are definitely in there buying. Regards, Kevin