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Gold/Mining/Energy : Winspear Resources
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To: Steelguy who wrote (8703)10/23/1998 9:01:00 PM
From: The Fix  Read Replies (1) of 26850
 
SteelGuy and Chad. This News today (Dr. Hugh Morris) isn't what the market was expecting. WSP has pulled this kind of a thing many times in the last Two years that I've been following this play. The news the market is expecting is the Custic Fusion Analysis from several holes and two separate sites.

Drilling is over. There will be no "Pipe" announcement. The source is in the Lake! Look at DiaMet, Aber's and Mt. Province pipes (all are in lakes). The market is waiting for a decent Macro count off of this Analysis. If the count is there (and I expect it to be), this will confirm the grade/quality in the holes and sites drilled. If WSP shows some Fancies, Well this will be icing on the cake.

My gut is telling me that news is decent. Levesque has been on the Buy side all of a sudden. The depth below is exceptional all day long this week, Offers are getting hit constantly. IMHO I feel that the stock will hit $2.20 to $2.50 cdn. in the next two weeks and slowly drift downward until early Feb. The Tax loss selling will be very minimal as the stock is trading near it's 52-week high. I've fallen in love with this stock (this is the #1 rule a good daytrader should never break.....And I did, As I'm long on this play as well), It's so liquid and the swings are great.

Happy Trading.....fIXER
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