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


To: marcos who wrote (3259)12/18/1999 4:17:00 PM
From: Mr. Oil  Read Replies (3) | Respond to of 5053
 
If there was a leak, I am not saying it was an intentional leak. And perhaps you are right, there may be no news yet for a while. But something happened significant to cause such an increase in volume. We have been averaging about 100,000 to 200,000 shares per day. The volume on Thursday was less than 100,000. Fridays was 1,118,000!!! That is a very unusual spike if there is no news coming soon! Things get found out and the whispers get spread by those who don't have any intentions of leaking news. You know how it goes. Maybe we won't see the news for a couple of weeks or even more but my speculation is that some event triggered the buying...Maybe it was Keith's emailing the fund managers or the digestion of the Medsite.com PP news, perhaps the friends of those who invested in Medsite.com get to share in the possible IPO success through JDX, or maybe it was a different deal management signed at the board room table which we will find out about in the next while. I don't know. But leaks happen even with very tight and respectable companies so I don't rule that out entirely. It is impossible to prevent it 100% of the time. We will see as time may tell us more.

Ray