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


To: Claude Cormier who wrote (2985)12/7/1999 4:44:00 PM
From: keith massey  Read Replies (2) | Respond to of 5053
 
Claude

Call me a pig for punishment <gg> Here is the chart update.

geocities.com

and I will add for Fuddle amusement..the Fundamentals have not changed.

Although I said I would comment on the charts and more than likely people will come back to roast me for this statement - today sure felt like a bottom was put in... several technical support signals were hit (50 Day MA, 62% Fib) and the stock bounced off them. We also made a fairly substantial hammer on the daily chart and closed above the broken lower support. If we do go lower for some reason you just know people will come to rub this in my face but if I'm right I bet you they don't come on the thread to say that they were wrong...

Best Regards
KEITH




To: Claude Cormier who wrote (2985)12/7/1999 10:19:00 PM
From: F. Evans  Read Replies (1) | Respond to of 5053
 
Just my two cents....I've never proclaimed to be a technical expert but the stock has been on quite a tear since the beginning of November...this re-tracement is healthy for a stock and helps establish new support levels while giving profit takes the opportunity to re-shuffle their positions....I agree though that a dip below the $1.00 level might trigger some ugly stops but it showed good resilliancy today when she came back up from the $1.04 level to close 9 cents above that mark....there is nothing fundamentally wrong...I can't justify worrying about pennies and trying to day trade this stock for nickles and dimes....take a long position if you like it and sit tight..the DD by Keith is exceptional and if you like it then buy into it...(not directed at you Claude just a general comment).

Frank