Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mr. Oil who wrote (3260)	12/18/1999 4:32:00 PM
From: marcos	Read Replies (1) \| Respond to of 5053

No, i wouldn't rule it out either. Clearly jdx is talking to a lot of people in the ordinary course of business, and those people likely know a lot of other people. It is easily possible that something specific got out. But you can also explain it by observing that more and more eyes are on Jordie, and when people see others taking out offers, as Canaccord did yesterday morning, the effect snowballs as they start taking out a few offers of their own. Of course one always suspects that imminent news could have leaked, but we all know it's coming soon in any case. Maybe not till mid-January, but so what, we'll all be busy out of the market for most of that period anyway. Better to get your gear on the bus and nail down a seat in advance. So i think relatively little buying can precipitate small runs like yesterday, and i expect others like it, quite unconnected with specific imminent news. You could still move this thing a long ways with a million loonies. Or whatever else you happened to have in your sack, say maybe Swiss francs.

To: Mr. Oil who wrote (3260)	12/18/1999 5:01:00 PM
From: teevee	Read Replies (1) \| Respond to of 5053

Ray, There is no surprise here. We are talking $US1.3 trillion in B2B commerce by 2003. JDX is at the forfront and the market is saying a sustained three year B2B bull market with the exception that it is a much much bigger market than B2C with winners such as AOL etc......any guesses as to what JDX will trade at in 2003? I for one will still own some then.....IMO, we are surfing a tsunami here....this e-commerce thing is a major economic paradigm shift....get on and hang on...look what happened with B2C companies like Dell eh:-)) Don't you wish you owned that in 1990 and held it? stockhouse.com If you got shook out or took a trade, just buy it back and forget about it. regards, teevee

To: Mr. Oil who wrote (3260)	12/18/1999 6:31:00 PM
From: CF Rebel	Respond to of 5053

Ray, What happened yesterday is probably a combination of factors. First is the Keith Factor, which we're all familiar with :) Second is what I would call a "share squeeze." Yesterday seemed very much like Friday, Nov. 5th. If you remember, that was the day JDX broke the $1.00 cdn mark. It was on volume about 2 1/2 times the previous three weeks average volume. We all suspected news the following Monday but there was none. Yesterday was similar with volume about 3 times the previous three weeks average volume. After the recent sell-off, volume got thin. Obviously all the weak hands were washed out. The first four days of this week saw pretty strong price appreciation on very thin volume. It looks to me like the people who bought on Friday would have been buyers a day or two prior but got caught with no one willing to give up shares at the prices they wanted. Sellers simply dried up very quickly. A few other factors could be involved and they involve the next three most likely events we'll see (though not in any particular order) - the name change, the medsite S-1 filing and the close on the Enviromation deal. Maybe someone has caught wind of the new company name and it is well-liked. Maybe the S-1 crossed some bureaucrat's desk and now all his friends and family know about Jordex. I wouldn't be surprised if some customers of medsite's underwriters now know about us. In any case, maybe there has been a leak. I just don't think it's any more likely the cause of yesterday's action than the above-mentioned factors. Come Monday, even without news, I think it heads higher. New buyers are now working against time. Merry Christmas, CF Rebel