Forum Archive Index - March 2000

[Chris Darby <darby@ak.planet.gen.nz>]

>Why is ITC no longer rave of the week?


In reply Narena.  The book-talk, hype, rave over ITC is ususally on the 
back of more of the same PR machine regurgitation.  The Herald has been 
critical of ITC saying their announcements were "short on detail".  
Eventually the media get wise and decide that in this case ITC have had 
enough hours in the sun and other companies are more deserving of the 
column centimetres.

Yesterday ITC hit 61c and it would not surprise me to see trades in the 
middle 50s soon.  I have watched and contemplated this stock for 2 
months.  3 weeks ago I thought seriously about it but hit Solution 6 
instead and am plus 75% happier for it.  

Until they reveal some detailed figures on their investments in VS and 
the like, to me they are just another 'lotto stock'.

All that aside I view VS as top software in it's field with great upside, 
but the ITC rhetoric is showing empty for many people and they are 
hitting their sell buttons.


Chris  

  

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