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Gold/Mining/Energy : Winspear Resources
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To: The Fix who wrote (3929)11/14/1997 2:29:00 AM
From: GOLDIGER  Read Replies (1) of 26850
 
Hey Fixer/Walt/and all those talking about shorters. If this group of investors/shorters happen to be gay would you call it a "Fruit Loop." I think you guys are all seeing "reds" under your beds with all this talk about organized shorting. Someone or some institution took advantage of the volume to offload a rather large position. Smackton has been a heavy seller at these prices for the past 30 days. Today's inflated volume merely allowed whoever is selling from Smackton to accelerate the process.

Another alternative: Given the current problems in the junior market; whoever is selling Winspear big time at these low prices probably needs to raise money to cover a problem caused by a dramatic decline in another stock. I can think of one major play that has just had the stuffing knocked out of it - Donner et al in South Voisey's Bay.This selling of Winspear is the "knock on effect."

GOLDIGER
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