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

To: keith massey who wrote (334)	4/14/1999 12:02:00 PM
From: kenc	Read Replies (1) \| Respond to of 5053

To:keith massey, Ihave taken positions in the past with JDX when they announced a drilling program knowing that if they hit a hole the stock could gap up several hundred percentage points.If you weren't on board you missed the move because of the gap at the time of the announcement.The odds of hit were slim yet you had to be on board to participate.They have (JDX) announced they are going to make an acquisition in high growth sector presumably in high tech.With there cash they are in the drivers seat and can cherry pick the opportunity that they believe will add the most value.Having repositioned myself @.98, I'm more confident today about realizing a several hundred percent gain since I know that a deal will be done. The only thing we don't know is timing. The risk- reward has changed dramatically in favor of the investor since we know there will be a hot hole....a high tech.acquisition. The no hype management is also why I have repositioned myself.