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Gold/Mining/Energy : Winspear Resources
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To: Andrew who wrote (12205)1/16/1999 5:22:00 PM
From: fivedollar  Read Replies (1) of 26850
 
Andrew,

Would you pay $7.00/ share for WSP on Monday if that is what the market dictated?

Hypothetically, a storm of buyers come in first thing Monday morning and push the bids to the $7.00 range. Say 1 million shares trade hands within the first hour of trading. Say the stock falls back to the $5.50-6.00 range or lower after the fast opening, are you a buyer, are you a believer. Say Canaccord and Yorkton continue to be the main buyers just like they were Thursday and Friday and just like they were before the stock started to move in the low $2.00 range, are you a believer.

If you are waiting for some "OTHER" buy signal and are willing to pay significantly higher prices for your guarantee......then simply say so. Fear in the spec market generates the need for guarantees which there can be none. State you position and never forget that gambling is all about risk/reward.
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