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Gold/Mining/Energy : Winspear Resources

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To: Abner Hosmer who wrote (10702)	12/19/1998 6:21:00 AM
From: peter matson	Read Replies (3) of 26850

Just my two cents on the subject of insider buying selling. For starters I certainly have no first hand knowledge of why any of these people are buying or selling stock but one can make some assumptions. First if I were able to participate in a private placement in a company at say $2.00 (plus a warrant), and said company company was trading above that price I believe that I would take the plunge and buy as many of the units as I possibly could. Now lets assume that I dont have all the cash on hand, but I do own shares in said company. Don't know about you but I would sell some shares into the market above $2.00 and get all the units I could at $2.00, since not only is one lowering their average cost but one is also getting that extra warrant as an added kicker. Don't know if that what has happened here but it may be a possibility, and lets face it they didnt sell at the top either! Regards

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