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Gold/Mining/Energy : Winspear Resources
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To: John Paquet who wrote (11196)1/7/1999 9:28:00 AM
From: John Paquet  Read Replies (2) of 26850
 
WAWaWA!!!!!;

Continued on my last posting regarding our WSP market behavior of yesterday.

OUR WSP indeed attempted to move up with that mighty DOW's January Rally BUT our WSP failed to keep up with it. OUR WSP moved up to that $4.20 sellers kicked in down she went to new low of $3.93 despite that DOW moved up to record territory At 9547 closed up a huge gains of 233.50 points BUT our WSP did not follow at the last two hours instead she went lower closed @$4.00 even.

It is my observation and my own belief that this kind of penny stock speculation is not based on pots and pans theory ; it is highly speculative and highly risk.

Look at those who bought @$4.85 lost $.85, those who bought at $4.60 lost $.60, too much at risk.

I shall see that our WSP first would hit that $3.73, 50% retracement level as these few days it demonstrated a very very bearish signals that is: BACK TO BACK DOUBLE DARK-BLACK CANDLE SHADOW IMAGES; IT IMPLIES A SELL SIGNAL. It implies this price level could not support our WSP at all; besides that inability to follow that DOW, general market sentiment etc....

I shall see our WSP will close that gap of $3.50 and wait and see how it will develop from there.

From a bigger picture it looks even worse, I shall discuss this further.

Good luck to all and have a profitable trading day.

John Paquet
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