Forum Archive Index - January 2000

[frank <frank.fernandez@xtra.co.nz>]

There has been a couple of major announcements regarding ITC in the last
week which, unfortunately for ITC investors, did not have much of an
impact on the share price which by the end of the trading week saw the
price fall back to 0.77 (a 1.29% fall from the previous week). 

I believe that ITC's price will "plateau" for a while and the stock will
not enjoy any dramatic ascents from here on. The entry price at current
levels is less attractive when compared to other tech (or potential
tech) stocks. Undoubtedly there will be future gains but these will be
gradual, progressive and over time.

My pick is that ITC will inch up by the end of play on Monday to 0.78
but fall back to 0.77 by closing time on Tuesday.

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