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Gold/Mining/Energy : Winspear Resources

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To: Upick who wrote (4961)	1/29/1998 1:12:00 AM
From: Surething	of 26850

Good questions Uptick. I think there has been quite a bit of pre-drill accumulation between $.70 and $1.25. The junior markets are extremely soft at present and investors are less and less willing to pay a speculative premium for any stock. This has become a "show me" market. The specualtive window on Winspear and other leading juniors is thus shortened. What one expects to happen in the pre-drill period will happen in the drilling phase and so on. Knowing the way juniors react to a discovery, enthusiasm ripples outwards from within. The market will either correctly or erroneously get wind of a discovery and then the stock should really start trading. The only thing I know about commodity trading is what I learn't from the movie "Trading Places." I understand it is a very specialized game relying very heavily on technical indicators. As you can gather, some of us here are looking at TA for juniors. I know very little about it but any tool that can help is a most welome addition to the penny trader's arsenal. best wishes surething

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