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


To: keith massey who wrote (2984)12/7/1999 4:04:00 PM
From: Claude Cormier  Read Replies (2) | Respond to of 5053
 
KEITH,

For what its worth, I find todays retracement to the $1.04 level perfectly normal in this long term bull market. IMO, it represents a perfect buying opportunity.

The stocks appears to have tested successfully its 50 days moving average and found support near a level which is also a support level from last April highs.

The fundamentals are intact and as news comes out in the months ahead we should move higher. Of course, we need something concrete. An alliance with an investement banker or a marketing group is good, but it doesn't bring butter on the table.

A move below $0.99 would be very negative, though.

Good Luck and continue to informed us as you do. I enjoy it.

CC



To: keith massey who wrote (2984)12/7/1999 4:45:00 PM
From: gordant  Read Replies (1) | Respond to of 5053
 
Thanks for your response,
I realize I overslimplified my previous post merely hoping to get across a simple point about the arguing on this thread. And I did categorize your type: I think I said something about having to be a genius to do both.



To: keith massey who wrote (2984)12/7/1999 6:38:00 PM
From: Shack  Respond to of 5053
 
You hit the issue right on the Gordo and Keith. Keith, your interest in this company is not based on TA, but your day to day TA musings appeal to the TA speculator which I would imagine Fuddle counts himself as one. I have enjoyed Fuddle's postings for a long time but he is being drawn into this sparring because he has acted properly as a short-term TA speculator and most of this thread are on a different page.

Not that I don't think a little TA is important for true investors. Its just that I don't put much credence in short-term upward channel lines being broken when we are talking about anticipated price moves far removed from where we are now, and when the greater price trend is still up. I liked the long-term chart when I bought JDX and still do and I have vowed not to trade based on the short-term charts because this is an investment for me rather than a quick trade. The long term chart shows a return to the head and shoulder neckline on the 3-year chart which should act as support...perfectly normal.

If I were you, I would kill the first chart on your Jordex TA page...its not very important and I think it may be driving you a little loopy, but as you say, it is your nature.