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


To: Crazy Canuck who wrote (2296)11/22/1999 4:03:00 PM
From: teevee  Read Replies (2) | Respond to of 5053
 
Crazy,
IMO, you hit the nail on the head. Here is my read of how this will go down:
MFPC cleans up a pile of cheap stock here and does a private placement in JDX at higher levels. This facilitates JDX's participation in more deals and makes MFPC's stock purchases in JDX at these levels look really smart on the books. Also, they get to track high growth situations from the start and continue investing in the really good ones. JDX will go much much higher. By the way, some of the sellers today should try going without clean potable water and see how far they get and how long they last. Water is big, utility like business. Thankfully, its not very sexy which is providing today's opportunity for buying more cheap stock.
regards,
teevee