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Gold/Mining/Energy : Winspear Resources

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To: stanley new who wrote (23224)	7/18/1999 9:40:00 PM
From: Andrew	Read Replies (1) of 26850

Stanly If I may thrown in my two cents. The long term trend is certainly up. WSP is however at a crossroads with this news and it depends IMO on the markets perception in the very short term. If it decides to head south early tomorrow which has been the pattern after news releases lately there are IMHO 3 key supports for WSP. One is the 13 week MA at 4.07 #2 is the major trendline which was only briefly pierced after the first half of the bulk was reported so I think its still valid at 3.82 and #3 is where we got support after the first half at the 40 week MA which is now 3.38. If it bounces off that 3.38 area and starts to head up again I'll be buying a few with a tight stop right below at 3.35. History has a habit of repeating itself. I really cant see it falling below 3.40 the results really arent bad just the market is. I could be out to lunch and the stock may go up right away but I doubt it. Andy

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