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Gold/Mining/Energy : Winspear Resources
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To: Rocket Red who wrote (25099)12/21/1999 12:45:00 PM
From: .Trev  Read Replies (2) of 26850
 
Thank goodness WSP isn't as shaky as SI seems to be these days.

IMHO there's zero chance of slipping thro $2.00. It's also my belief thst tax loss selling doesn't exist on the Spear, this year. The selling for several weeks has been just enough to keep the price at or close to the warrant subscription price. What you have to remember is that if the market gets above the subscription price the subscribers have to pay INCOME tax on the difference this year. So they need to sell a portion of their holding to pay taxes. That's tax avoidance not tax loss, and it makes good business sense.

What's even more important is that it's NOT SHAKY it's BULLISH as heck, because it means they have carefully figured out how to hang on to the maximum possible shareholding for the long haul. I'm expecting the selling to dry up any minute.

Cheers
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