Forum Archive Index - October 2001

["George Hill" <ghill@buzzavox.com>]

Maybe Phaedrus' graph has the power to move the market :)

... I think the rise needs to be kept in perspective: its only on
turnover of $22,000 

But who knows??
Ever the optimist, George

-----Original Message-----
From: owner-sharechat@sharechat.co.nz
[mailto:owner-sharechat@sharechat.co.nz] On Behalf Of Wedde, John
Sent: Wednesday, 3 October 2001 3:05 p.m.
To: 'sharechat@sharechat.co.nz'
Subject: RE: [sharechat] ITC


ITC continues its rise --- up over 9% today. Anybody got any
explanations? Have DVI begun to make significant sales? What news on
Virtual Spectator? Anything else --- Hookups to more funds perhaps?
Phaedrus ---- are you getting tempted?

Cheers,
John



                -----Original Message-----
                From:   Phaedrus [mailto:Phaedrus@techemail.com]
                Sent:   Wednesday, 3 October 2001 10:53
                To:     Sharechat@sharechat.co.nz
                Subject:        [sharechat] ITC

                Matthew,
                         Re your comments :-   
                >>> What I see here is that ITC are now at the beginning
of an uptrend <<<  Right. For the first time in well over a year ITC is
above a confirmed trendline, and in an uptrend.
                >>> Would I be correct in saying that they should go to
16c in the near future? <<<  No. Who knows what they will do in the
future. If the uptrend does continue, we can reasonably expect
resistance at levels of previous resistance, specifically at 9, 13.5 and
especially 16 cents.
                >>> if a break through there occurs could it be all on
for a big ride? <<<  Why should there be a big ride? There are plenty
more historical resistance levels that would need to be overcome. Take a
look at the double top at 21 cents for example. As you rightly observe
though, a break above the 16 cent resistance level would be significant.

                  All we really know is that a system that has very
effectively (and profitably) kept us out of ITC for well over a year
will now permit a purchase, if we wish. This is clearly significant.
Exactly how significant will be revealed by future price movements.
                        Regards,
                                  Phaedrus.

        
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