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Gold/Mining/Energy : Winspear Resources

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To: Andrew who wrote (11958)	1/15/1999 1:03:00 AM
From: Andrew	Read Replies (1) of 26850

Everyone seems to think that the Bashers here are the ones that are short yada yada. Well I beg to differ, this is not the way it works on the internet and in these here SI talks. The biggest hypesters making the most outlandish statements about the stock going to the moon and telling everyone to bet the farm are usually the ones that are short. They pick their moment when the hype is losing momentum a go short. I've seen this so many times now here on SI that it has become painfully obvious. Painful to the holders of the bag. I'm not saying that I don't like the chances of WSP having the most valued asset in the history of diamond mining, I'd love to see that happen and be there to enjoy it also. However a project value at this point of about $300 million? Compare this to a reputable Mining company like SouthernEra which has a market cap of $200 million and will probably produce well over 500,000 carats of high quality diamonds this year. It was a great ride and I got out Monday. The risk/reward here is not as good as it was at $1.00. Andy

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