Westfort Energy Ltd. (WT-T) Message Board

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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T)

WT 11.59

-0.6%

Nov 7 9:30 AM EST

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To: rampage who wrote (759)	7/15/1998 9:39:00 PM
From: AL Berta	Read Replies (3) of 1288

I'm betting Midland was a short cover. As floj said, there is significant support at $1.20. Chances are, there would be a bounce off $1.20. If I had shorted at $2.50, I think I'd be happy with the gain I had to this point. Keep in mind, the flow report from Johnny Rhodes is due next Wednesday and there is the chance that people are going to start building positions (I will be). If you're short $75,000 worth of stock and you could cover today for a nice $21,000 profit for the week, what is the point in risking another opening? While I generally agree with floj about the possibility of seeing $1.20 before the end of the week, I disagree with the prognosis for the future. Westfort, has a great asset and is a well run company. I'll bet her a Bar-B-Qued brisket of Alberta Prime that August 20th close is $3.90 or better. There, the gauntlet has been thrown. Regards, AL.

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