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Gold/Mining/Energy : Winspear Resources
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To: Patrick Laflamm who wrote (6137)6/22/1998 1:40:00 PM
From: bill  Read Replies (1) of 26850
 
Yes, but a lot of paper being unloaded. I'd feel better if
there weren't so many eager sellers. I remember watching DMM's
price go up a dollar a trade because no one wanted to sell.
At the moment, there are a lot of people betting against WSP
on the seller's side. We've now run through the cheap paper
people picked up with the run up from 50 to 70 cents so quick
profits have been made. Still there was all the buying on the way'
down from 1.00 and the buying in the intervening days from
the quick run up. I'd need to go back and calculate but I
expect the overhang at 1.06 which is where it is on my screen
is quite large.To end the selling, we need another press
release saying something positive about the quality of
the stones or some other news.

Strange to think that KRR was once 15.00 on news nowhere near as
interesting as WSP's.
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