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Gold/Mining/Energy : Winspear Resources
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To: Rocket Red who wrote (18792)4/30/1999 12:58:00 AM
From: Rick the Vet  Read Replies (1) of 26850
 
I believe this SI classroom to be a contrarian indicator. When everyone was in and optimistic the stock would tank after a news release. Now many of our threadsters are out or partly out and believe the stock will tank. IMO they are wrong-- The large investor has now been assured of adequate tonnage (10 million) and probably at least 20 million or more. The more holes that are punched in this monster the more predictable it becomes. Now if we can get some CF results in a week or so we can start cooking. We know that we can expect bulk results in about 5 - 6 weeks and valuations a month or so later.
The institutional buyers can now be more comfortable moving in. This will force the small timers to buy back in as they hate to miss out.

My prediction - small sell off tomorrow morning followed by steady accumulation to $5 by next Friday.

I will not sell one share for less than $20 or until the bulk valuations are made clear.
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