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

To: Keith Minler who wrote (2688)	11/28/1999 1:47:00 AM
From: SwampDogg	Read Replies (1) \| Respond to of 5053

What can I say...I disagree with about everything that you said...especially the T/A at the end

To: Keith Minler who wrote (2688)	11/28/1999 2:28:00 AM
From: keith massey	Read Replies (3) \| Respond to of 5053

Hi Keith (great name by the way <ggg>) Just a couple of things. 1) With these alliances they are much more likely to do seed capital deals which means we are in these companies at pennies instead of 3-4th financing. 2) A few people keep concentrating on Internet deals and how the Internet is overvalued. In my talks with management I have always had the impression that the majority of deals they are looking at are in the technology and telecommunications industries although internet deals would be done if the right opportunity presented itself. However you raised a very good point that CMGI laid the groundwork for their success years ago; before anyone placed any value on internet start-ups. This is one of the main reasons that CMGI has gone up over 50,000%. How do you know that a seed capital deal being done by JDX right now for pennies a share in the technology/telecommunication industry is not in an area that nobody has placed a value on? Just a rhetorical question. 3) You may be correct that many people might not be expecting a rash of deal in the near future. I am not one of these people so I guess I am in the minority. However we all have our own opinions and you are entitled to yours. When/if they come out with a series of good deals and we get a name change I would expect the price to react positive and they will have no problem doing a financing at a higher price. 5)My reaction at that time was much like yours; oh no, and then well-- thats not too bad. Actually your reaction was not like mine. My reaction was... oh no, why are they doing Enviromation and have not mention anything else, and then WOW, amazing news, how did they pull this off. I have run on at some length because I think there may be a bit of a panic come Monday, as you know the candlestick chart for Friday showed a Doji, which coupled with declining volume for the end of the week is generally considered a signal for a change in trend, in this case likely drifting down or sideways. From Beyond Candlestick (Nison 1994). A common mistake among those who use candles is to use a doji as an outright buy or sell signal. This is not correct. The doji indicates, as the japanese say, "a crossroads between the bulls and the bears." While the doji can mean the market may reverse its prior trend, traders should view the doji as echoing a market in transition rather than being an outright reveral pattern. Based on this, traders should wait until the next session or two after the doji to show them which way the market will move I think there will be a buying opportunity for those of strong convictions and courage. I will be on the buy on Monday so call me the mighty lion from the Wizard of Oz <ggg> Best Regards KEITH