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

To: Far Side who wrote (3268)	12/18/1999 9:22:00 PM
From: Keith Minler	Respond to of 5053

Hi Jim; I know how you feel, it is a sickening feeling either way; to hold and see your profits evaporate or sell and see your stock run. One technique you can use to sell and protect yourself from losing out if the stock turns and runs; is to use a buy on stop/limit order. Basically you instruct your broker to buy at a price above the current one with a limit on the upside to protect against a terribly high price in the face of no offers. For example I sold out of Jdx in the mid $1.40's and put a buy stop in at $1.55 limit $1.70. Thus if I had been wrong and JDX had started to run my broker would have started to buy me back in at $1.55 up to an upper limit price of $1.70. As the price drifted down I lowered the buy stop until it was eventually hit at $1.17. The spare change I made allowed me to buy an extra 6500 shares. This method obviously does not get you in at rock bottom but does allow you to take profits and not sit paralyzed while paper profits fade away. Also if the stock does run you will pay a penalty in terms of commission and the in/out price spread. If you attempt this be prepared to educate your broker, my human broker, didn't believe it was a legal trade method. Webbroken had no problem with it. I got the method from an excellent book by Stan Weinstein; Secrets for profiting in Bear and Bull Markets. Good Luck Keith

To: Far Side who wrote (3268)	12/19/1999 1:22:00 AM
From: Kevin Hamlin	Read Replies (2) \| Respond to of 5053

Undoubtedly, all stocks (including Jordex) will attract different types of investors and traders at different times. I think this is an important thing to keep in mind, as we are all "existing" here together in this JDX thread. And to make matters worse, each individual is sometimes an investor...other times a position trader, ...and other times again a pure daytrader...all on the same stock! Often it can get confusing, (and on unfortunate occasion...a little ugly), but in the best of all worlds...we all win. And on JDX, I certainly believe there is a great potential to win no matter what time frame you're looking at. That's one of the nicest things about this stock. As I stated earlier, I needed to see a new base form for JDX which happened in the $1.20 area. For the record, I also bought this past Friday around $1.50 as I think the upside potential from here is quite good. Some of this decision was based on the trading I saw going through and of course the volume was great to see. Developments in Medsite were certainly very nice to see as well. There's one other aspect though that I think is worth considering, which also prompted me to buy further, that being the actual price range JDX is now trading in and/or heading towards. Imho, JDX is starting to move into a price range that will attract a whole new set of investors. By this I mean that there are certainly some investors out there (institutions as well) who "won't play stocks under a certain price level". Some of this is just based on their own personal comfort level. Some is based on the $$$size they can take down and still maintain reasonable liquidity. For myself, I've placed these "new buyer" milestones at $1.00, $2.00, $3.00, $5.00, and $10.00+. With JDX now approaching on $2.00, I think there will be a large group of fresh investors willing to come to the stock which should bode very well for the share price. Best wishes to all in JDX, whatever time frame you're working in! Regards, Kevin