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

To: Mr. Oil who wrote (4094)	2/17/2000 9:19:00 AM
From: Rob Davis	Respond to of 5053

Did anyone notice that Nesbitt has been pretty strong on the buy lately? And fairly active on the sell. Since we broke the $2.00 barrier, they've bought over 500,000 and sold over 300,000 leaving them up over 200,000. Nesbitt allows 50% margin on TSE stocks over $2.00. This probably accounts for some of the reason that they've been so active lately. I don't know of any other brokerage that uses the $2 level, most are $3. Should make for some interesting trading once we hit the $3 mark. (Being on margin probably accounts for most of the sells since the stock price has had some wild swings to it. No doubt the margin-junkies are using pretty tight stops.) Just an observation, Rob