Hi Punter I been looking at other companies and posted on BCC. The volume is up, the charts look great, and many traders are interested in the stock. I would trade the company on the strength of the interest and charts. The fundamantals are not so great. Same with WDR which I did buy and sell. Both will be short of cash in the near future to realise their true potential and both will have to farm out or borrow or have rights issues. But they are in the News with podcasts, media and broker reports. Brokers will make money from rights issues on both of them in 2010. If you trade or buy a stock as a TD technical trader you would not buy ITC. Then chuck a bit of misinformation and a couple of posters referring to water cut and problems associated with that. Seems to be a problem from the Mirage which promised so much and delivered so little. Add a touch of VPE that has yet to have a profit and still promise so much on the drill programe that never gets there in the time frame and I guess you cannot blame the skeptic's. We are crabbing but INVESTORS are buying and accumulating slowly. The story gets better on Fundamentals not on charts and trading. We have a increase in Snatcher realised production in the next 2 weeks. We should have a spud date in the next two weeks for Snatcher 3. When the wind blows and the breakers roll itc will go. Be patient a little longer. 247
ITC Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held
