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

To: knight who wrote (4839)	9/30/2000 1:06:15 AM
From: Nick Morvay	Read Replies (1) \| Respond to of 5053

knight, You are clearly short sighted and looking for a quick pop on one IPO. ITE is the sum of its parts and as such those parts need nurturing. That is the intent of an incubator like ITE. Indeed, it did run early this year and got way ahead of itself in a euphoric market. It was IMO overvalued and consequently I sold into it as it crested 8 months after my initial accumulation period. Those were not normal times. I'm back in again for the LT, having accumulated in late summer as I did the year earlier. Don't discount ITEs other investments. They have excellent potential in their own domain. ELAS may not have run as some IPOs have but IMO a strong steady rise is preferred over a quick burn-out. Given this market, it has been received very well, indeed. For now, we will have to wait until after the quiet period to hear what ELAS has to offer. Regards, Nick