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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: The Fix who wrote (20011)	6/11/1999 1:04:00 AM
From: Charles Kalb	Read Replies (1) \| Respond to of 26850

To All: A couple of the prices I quoted in my earlier post on Fibonacci Retracement levels for today's action were off a couple of cents (Post #19976). Recalculated Fib #'s for the the most recent valley (5/18 low of 3.50) to peak (5/31 high of 5.30) gain are : Fib %.......Price 0...........5.30 23.6.........4.88 38.2.........4.61 50.0.........4.40 61.8.........4.19 100..........3.50 Price was hung for seven days through Wednesday essentially at the 23.6% level at about 4.88. Today, Thursday, the retracement accelerated, blew right through 38.2% level, and stalled a bit near 50% level before resuming to close at 4.30, which is only 11 cents above the 61.8% level. I think there will be carrythrough in the morning to hit that 61.8% level. Main reason I posted was to alert those who were looking for reentry or addition to the possibility of the bottom occurring near 4.20. I thought the rise from 3.50 to 5.30 was largely attributed to European buying. I would think they might step in to buy some more as previously unavailable "bargain" prices surfaced? For this reason, I would be very surprised if it went all the way back to that 3.50. Before it gets there it would have to break through some error channel support at about 3.75.

To: The Fix who wrote (20011)	6/11/1999 1:07:00 AM
From: russet	Read Replies (1) \| Respond to of 26850

I think you are seeing PP money come out now,..close to the release of info. The buggers still have options so they don't need to hold the PP and they bought at $2.20 so they can take profits and get a double or better. I bet RT, The Moose, Pattison ,Mr. "T" and Johnny Mac et al are selling like crazy. Could go either way IMO. I'm just trading my freebies now. Good luck to us all. russett the worried.