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Gold/Mining/Energy : Winspear Resources

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To: John Paquet who wrote (11946)	1/15/1999 12:14:00 AM
From: Cohiba	Read Replies (1) of 26850

Dear John, You seem to know the market so well that you should know that it is mostly driven by fear and greed, especially when it is a speculative stock. IMHO it is presently driven by unjustified fear. For your information, WSP is still within its uptrend channel that started in October and the support line of that channel as of today is at $3.27. Moreover, the close today is almost exactly at the 38.2% Fibonacci retracement level for that same period (October to today). We may say we are in a midtrend (or reaction) which is normally a good time to buy if you believe that the uptrend will resume soon. You are not only wasting your time trying to convince me to sell but by reading your comments and those of Average Joe, I am more and more convince that your only argument is fear. That may work with some but I guarantee you that I've learn a long time ago not to base my trades on fear. Good luck!

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