Forum Archive Index - March 2000

[Phil Williams <philw@hyperactive.co.nz>]

> this is the sort of empty/lack of detail
> announcement that ITC have been criticised for.  Full of sound and fury,
> signifying nothing but sure to fool a few.

Chris,

I think you need to look objectively at what ITC does and is. It's a venture 
capital firm, whose future success depends on strong connections in information 
and technology industries.
The information is fully relevant.

Even discounting that, from a PURELY traders point of view the news that a 
large international corporate body is looking to buy shares on the open market 
positions ITC in a good light...!
Anyone can do the math and see that to purchase a significant stake in the firm 
they'll need more than that 2 mil cross at 60c today (ssuming that was them, 
which it may not even heve been).

This announcement can only be positive for ITC's price.
I will be looking to increase my stake tomorrow if the opening price is still 
favourable.
Otherwise, they can buy some of my current holdings as it spikes tomorrow or 
next week...

Happy trading all!

Phil Williams

(Surprise, I hold ITC.. ;)


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