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Gold/Mining/Energy : Winspear Resources

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To: Digger who wrote (17886)	4/8/1999 1:53:00 PM
From: bill	Read Replies (3) of 26850

I thought the dog and pony show in Europe had already started and that was what had brought in the buying. Had a call last night and the caller said the D&P hadn't started yet. If so, something else caused the little run up the last few days. Maybe just the anticiption of a European tour bringing in buying. Important thing is whether this new move up can take WSP over 4.05 and hold it there instead of it falling back each time. We get over 4.00 and then run out of buyers. Raises question as to whether the four dollar price is a signal for shorters to move in. If so, they haven't been making a fortune because the bottom has kept going up.If someone managed to short yesterday at 4.10 and buy back at 3.90, they'd make a few dollars if they're trading on line. Might have expected a price fall back today and tomorrow on lack of news but it hasn't happened.

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