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


To: Cammo who wrote (211)3/26/1999 3:01:00 PM
From: marcos  Respond to of 5053
 
Oh, hey - that's my tune, L'il Ol' Bottomfisher Me ... don't worry, i've got a little bid in ..... being patient mostly, although i did just take 2k at .76 in the beer money account .... haven't studied this one for weekly [or daily] patterns, but am hoping that wsp returns to its rhythm of selling off Friday toward the close - quote.yahoo.com .... looking to replace what i sold Wed for ~3.41 or better.



To: Cammo who wrote (211)3/26/1999 3:26:00 PM
From: keith massey  Read Replies (1) | Respond to of 5053
 
Marco

I've been playing the pullback trick since .42. It is now to the point that a .01 move in JDX makes or loses me $525. Makes it fun watching those .05 moves in the company. Each time I buy more I say "I own enough" and then on the next pullback I can't resist myself and buy more. The story and chart are just to good.

Food for thought:
Another possible answer to why the stock is being held down is that a share buyout/merger is in the works. They may be planning on taking over a non-public internet/tech. company through a share offering. If the deal is in the works the share price may have already been decided on several weeks ago. In this case they must keep a cap on the stock until the deal is announced. Of course this is just a total guess and I might be way off base. But it is food for thought.

Biggest Buyer in the last month
Yorkton - Net 193,000 (Net buy 91300 last month)
Golden Capital - Net 170000 (Net buy 10,000 last month)
Canaccord - Net 118000 (Net 168500 buy last month)

Biggest Sellers in the last month
James Capel - Net 183500 (Net sales 52700 last month)
Georgia Pacific - Net 127050 (Net buy 68400 last month)
Global - Net 76900 (Net sales 5000 last month)

In the past week James Capel has become a net buyer and bought 2,500 today with no sales. Selling from Georgia Pacific has reduced (Net - 14,000 for the week). Global has sold 10,000 Net for the day. The buying for the day is coming from Yorkton who has stepped up to the plate (Net 39500 for the day no sales) and Canaccord is still buying.

It is often hard to interpret buys and sells from house since one person could be buying and selling from several house and you don't get any good patterns forming. Canaccord has gone from the biggest seller three months ago in the 50's to the one of the biggest buyers in the .70's. I follow Canaccord's site daily and they haven't been pumping it to their customers at all (one mention in Coffee news). This makes me think the are going to do another one of their pump and dumps to their customers which the are famous for. The selling is coming from all over and the main sellers seemed to have dried up or ran out of shares for now. It looks like Yorkton may have the inside tract because they are stepping over bids to buy. The other big net buyer for the past couple months is me...however you guys already know everything I do.

Best Regards
KEITH