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Gold/Mining/Energy : Winspear Resources

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To: Steelguy who wrote (8554)	10/20/1998 5:25:00 PM
From: Famularo	Read Replies (2) of 26850

IMO, I think WSP will try and trade at a new recent high tomorrow before we see shorters raining on the stock.... WSP hit a low of $1.25 yesterday before taking off. This time, I think the new MAJOR support level will be no less than 20% on top of $1.25, assuming positive data flow continues into 1999. I hope the news is good enough to push it up higher, I know of a few who will have their fingers on the sell..Who knows, we may see $2.00 plus tomorrow, have not seen that in a long time... I am taking a temporary profit exit tomorrow. Right now, WSP is trading at a higher price than MPV... MPV is another which will have its day...Remember guys, nothing goes straight up without a price correction here and there. The whole Canadian diamond exploration will do well next year. One of the other oversold stocks which may generate similar action as WSP is ACA when they announce the 450T bulk sampling results, which will disclose size distribution and maybe indication of value. Gotta go for a beer. It has been a good day.... regards Frank Famularo

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