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Gold/Mining/Energy : Winspear Resources

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To: whiskeyjack who wrote (8884)10/29/1998 8:40:00 AM
From: Steelguy  Read Replies (1) of 26850
 
WJ,
Your question is a good one especially if WSP gets so lucky as to be a participant in said NWT production...however...I really do not have anywhere close to the knowledge about this industry to comment intelligently....( like I should start now )......
I do know however that steel prices are plummeting and we might want to look at shorting some US mills........just throwing it out there...do not act on steelguy's silly ramblings.

Today should be interesting....I am now at a point where I want to see news so I can feel like perhaps the playing field has been levelled to a degree. Right now...in my opinion....there are MANY people out there who already know what is coming in regards to news and they are acting on that. As unfair and " against Regulations " that is...it happens, always has, always will. But if the news doesn't come soon...there comes a time when the meat of the release is already spoken for in the share price.....I have NO idea where that price is yet....the market will tell me and you and all of us however.....we will miss .35 - .65 before we know it. One thing I believe is that there must be tremendous things happening with this play on the factual side....meaning.....I think they really have the goods...... what a concept for a junior. I say this because I am not seeing the kind of selling pattern that usually comes with a " possible " mining play. We have all played with those where one or two holes give you a great run but then the bear turns and things are never the same.....2 years go by and then......wa...wa...waaaaaaaa..no goods to be found. Seems to me that if we were at the end or pinnacle of the WSP story as a pump job...we would not see 3+ million shares traded on an up day at 52 week high levels without some huge profit taking.....NOw, there will be profit taking but what we will most likely see is that WSP...if it has the goods...will start to act as the greater markets do...big rise...selloff.....new buying in to catch the wave. If this is a legit play with regards to a resource...then people will continue to want a piece of it..... any dips will bring with it new blood and old trading blood that has sold. This I believe is a great scenario allowing everyone to enjoy the ride....

Enough of Steelguy's comments......Go WSP today....

sg
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