Forum Archive Index - April 2000

[Mike Nelson <bb2345@ihug.co.nz>]

A check on Raging Bull shows ITC (icalf in USA) closed at equivalent to NZD
.76 in the USA. Has to be some upside from .48 which it's at on the NZSE
right now.

MN


At 11:58 AM 04/04/00 +1200, you wrote:
>Matthew, ITC has taken a beating, however it is definitely in the oversold
>category. The bounce of 40c was pleasing to see and if it closes around 50c
>today  with decent volume then this could be the bottom. (I did say could
>be)
>50c should prove to be a good resistance. I have observed in the passed that
>the credibility of a resistance is tested by a strong break below it and
>strong recovery back to it on the same day. Lets see what happens today.
>
>Another post on Raging Bull #1199 in reply to an E-mail sent to (MD) Mr.
>Phillips say's: "The purchase of shares by SCI is continuous but at this
>stage has not been significant. They do not want to disclose the extent of
>their interest.
>We will be demonstrating the impact of our network over the next 6 months
>with significant news."
>Regards Les.
>
>
>----- Original Message -----
>From: Matthew Van Veen <mattvanveen@hotmail.com>
>To: <sharechat@sharechat.co.nz>
>Sent: Tuesday, April 04, 2000 10:14 AM
>Subject: [sharechat] ITC - Unbelievable
>
>
>> I really cannot believe what is happening with ITC this morning. I think
>you
>> are right LES re your raging bull post of yesterday. I'm topping up again.
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