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Gold/Mining/Energy : Winspear Resources

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To: ddl who wrote (13474)1/27/1999 7:43:00 PM
From: Dave M  Read Replies (2) of 26850
 
Denise, the daytraders have control of most mining stocks now, IMO. The prices have no reflection of value or potential. This makes it hard for long term investors to come out ahead on these small companies, but heck, that's what makes it challenging. With a big Dow stock you just have to watch the price once every month or so, with these Canadian stocks you have to be at your monitor every minute the exchange is open to protect yourself and keep up with the daytraders.

If you have followed this stock for any length of time, you would have seen that after just about every news release the price goes down. We had a big down last year even though good news kept coming out. Even VD in the core received little respect from buyers.

Hang on for a wild ride up and down. For me, I don't have time to day trade so I'm in for the long haul hoping that eventually the price will be much higher, just don't know when.

Dave M

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