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Gold/Mining/Energy : Winspear Resources
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To: Rick W. who wrote (11348)1/9/1999 1:12:00 PM
From: John Paquet  Read Replies (2) of 26850
 
Hey! Rick;

To tell the true; I hope [not wish] that every penny stock would work out to the eternal objective [to become a mine ] so everyone of us playing this penny stocks could go and visit that fantasic Pacific Islands and Resorts.

However; unrealistic expectations will have to pay the consequence of ruins of this kind of dream.

In order to for our WSP to support this $4.00 - $5.00 prices level to make sense in historical terms of mining economic values, everything has to go very very well INCLUDING THAT GOOD RESULTS FROM THAT BULK SAMPLING.

Where is the data [ bulk sample results ]from last NR????? It is missing; ISN'T IT??????

I am very surprised that our BULLISH WSP boys has FALLACIES about that pots and pans theory and the prices will go up forever.

As a results of this; I see price volatile in the weeks to come and this causes much concerns.

In the chart reading; our WSP although it had a nice rebounce; closed at $4.10 up .36, but it is still in a mode of down trend correction; not even returned that 50% retracement level computing as follows:

OUr WSP went down from the peak of $4.85 down to $3.65

$4.85 - $3.65 = $1.20

50% of $1.20 = .$60

50% retracement level is $3.65 + $.60 == $$4.25

OUR WSP did touch that $4.20 then down she goes to $4.10 at close

Next week; I see our WSP resume it down trend and head SOUTH to closed that Gap $3.50 etc......

I am not kidding you at all.

John Paquet

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