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Gold/Mining/Energy : Winspear Resources
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To: Rocket Red who wrote (5783)4/27/1998 2:06:00 AM
From: bill  Read Replies (1) of 26850
 
Either WSP has tightened up security or they haven't hit kimberlite.
Or they hit and those who know are showing great restraint. The
bid is 1,000 shares at 75. The ask is 76. No buyers. A seller willing
to take 76 cents. The half hour before market opening could change
the equation radically. A lot of people don't like making bids and
leaving them in plain sight. They prefer to hold off until just
before opening, or just after, and bring their bids in then. Still,
if there's something found, the bids do seem to climb. ABZ seemed
leaky early on but then they got real tight about security and
I watched them make an important NR about having found diamonds
and there was no reaction for at least fifteen minutes. Then all
at once, the bids started coming thick and fast. So tight security
can be created and it does work.
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