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

To: Buckey who wrote (145)	3/11/1999 4:51:00 PM
From: keith massey	Respond to of 5053

Offical close .77 (+.14, 22%) on 337,300 shares. New one year high. The depth is a little weighted towards the ASK right now but there is a 40,000 share bid at .70 which shows a little support for are new found level. And to think this all happened on no news. I tried to get talk to someone in the company but couldn't get through. I have checked all the major chat groups and house hype (e.g Canaccord's site) but couldn't find anything to explain the run. From the size of the some of the buys going through today it is unlikely that this was the result of Kaiser's recommendation since his subscribers normally buy in small $2000 lots and not some of $6000-$15000 lots we saw go through today. In addition, the main buying came from Haywood (Net 40,000) and Canaccord (Net 35,000) which are not normally seen as main retail houses. On Kaiser hype Greenline usually shows the most buying but in this case Greenline is only Net 19,600 shares in the past 3 weeks. Of course a lot of small investors would have hoped on the momentum train today but it was the big buys that started this run. I like to see institution buying first on a stock because they are the ones that have the inside news. The retail crowd is usually the last to hear the news and the last one to get in. We have broken through a key support level. According to the long term chart the next big resistance level is in the $1-1.10 range. I will be very surprised if this stock runs above the .80 level with no news unless the hype machines start up tonight. Of course we could hear news from the company and day or week now so hold on to your hats. Best Regards KEITH