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Gold/Mining/Energy : Winspear Resources
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To: J.R. who wrote (4920)1/24/1998 3:12:00 PM
From: Surething  Read Replies (2) of 26850
 
Hi J.R., Part of the reason for Winspear's huge run to over $4 last year was short covering. I think this gave many first time investors the wrong signal and they jumped in thinking a pipe had been located. A large short position, when it is forced to cover can, therefore help accelerate the upward movement of a share price.

As for the Globe's numbers I don't know the time period they refer to given that the VSE has stopped issuing short information on a timely basis.

Looking at Winspear's chart I'd have to agree with you that the share price price for Winspear is in a positive trend. Expect huge volatility in Winspear over the next few months as they begin drilling their properties.

Do what the Fix does. Hold your core position in one account, and trade long or short in a different one.

best wishes

Surething
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