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

To: Charles Kalb who wrote (20012)	6/11/1999 1:55:00 AM
From: bill	Read Replies (2) \| Respond to of 26850

Thanks for the precise figures. My support resistance levels are 4.20 and 3.60. Earlier I said 3.80 but that was incorrect. If the downward momentum continues we could see the price drop to its lower support level. Will depend on what is causing the selling. 1. The article on native group saying no more diamond mines (likely to be short lived effect) 2. someone has managed to get inside info and the bulk sample isn't as good as expected (possible but unlikely) 3. as mentioned, a lot of pp paper has come free. 4. the breakdown in price is no more than what one should expect given the sharp price rise and the fear created by having to wait for results. As I posted earlier the top quickly showed signs of a 1-2-3 breakdown. If that is the case, the sell-off should consolidate on lower volume. 4.20 would seem like a bottom with a new level around 4.50. I'm keeping a close eye on volume tomorrow. If it increases, then I'll wait for Monday for an entry point.