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Gold/Mining/Energy : Winspear Resources
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To: Paul Bilecki who wrote (19369)5/14/1999 8:07:00 PM
From: bill  Read Replies (2) of 26850
 
The DOW and TSE were down in a big way today. WSP stayed neutral.
Would have been better if it had gone up a few cents.Still, that's
a divergence that is indicative of strength. A stock that moves
against or resists a downtrend in the broad market is a stock that
MAY be on the edge of an upward move. To stay neutral in the face
of the broad sell off there have to be a lot of people not willing
to sell and a group who are will to pay the going price.

We'll see if the DOW and TSE continue to take a hit on Monday as
fears of inflation begin to grow. Those stocks that move against the
tide are good bets, I believe.

My close contact person with WSP has moved on to other things so
he no longer pays attention to their stock on a daily basis but
when he was following the company's fortunes, he said the ground
was very rich. He's an expert with forty years in mining and mining
stocks and time and again he's been right. BUT....who knows?
Mining exploration is chancy even under the best circumstances.
You're only as good as your last drill hole. NEVER, EVER forget
Tli Kwi Cho. Don't make decisions on it but always keep the memory
of it. There are more of those than there are Diamond Fields.

Greed and fear. Greed and fear. May those of us that are long get
a 10 bagger. If you are back in at the present price, you are
definitely an optomist. My TA shows the resistance line at
3.50 had turned into a support line with the lows moving off that
line very slowly. Means there is accumulation going on by optomists.
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