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

To: The Fix who wrote (20297)	6/15/1999 9:10:00 PM
From: Rocket Red	Respond to of 26850

Fix Results were slated for today on the 15 of June and I gave Winspear till Thursday the 17 for News and Sticking with the 17 of June as RT is Suppose to be back from the lost World.In this game there's always delays.But I Was cherry picking this afternoon.May Cherry pick again in the Morning. Cheers. PS 1-780-420-0733 all holding all the way.They also think JK is a Wacko

To: The Fix who wrote (20297)	6/15/1999 10:51:00 PM
From: Letmebe Frank	Read Replies (1) \| Respond to of 26850

Mr. Fix - Good Call! About the shake rattle and roll you mentioned... Does the following that I lifted from stockwatch explain it correctly to the layman like me? Author: Pendragon -- Date:1999-06-15 18:49:10 Subject: Illusion vs. Reality In an earlier post, I warned everyone not to get sucked into a shakedown. For those that do not understand what I am refering to when I talk about a shakedown...it works like this: Joe-Q investor buys into a stock which is trading at 5$ with his kids college tuition.Now Joe-Q naturally expects the stock to shoot up, but since he knows the stock is volatile, it makes him nervous. Just in case... he tells his broker to put a stop loss at 4.20 (along with most of the other John Q's). Now the big houses have a pretty good idea of the critical price which stop losses are hovering at. The houses also know that the stock is well worth the 5$ Joe-Q paid for it. Now for one reason or another the stock price drifts down to... say $4.60. Well the houses could easily trade this up, but... why should they? If they can just get the stock to hit that critical $4.20 level, the stop losses will come into effect. The sell orders from the stop losses create a snowball effect which drives the price lower and lower as more and more stop losses are hit, and investor fears comes into play. Now all the way along this downhill ride, the houses have been slowly accumulating at bargain prices. Once the majority of the stop losses and nervous investors have been hit, the price starts to climb back up as believers, and speculators will see what they consider an excellent buying opportunity. And what do the houses do...? They slowly trickle the shares they have accumulated back to the investors as the price climbs, taking profit all the way up. Don't get me wrong, I'm not suggesting any conspiracy theories with the big houses here. But it reminds me of Matt Damon's line in the movie ROUNDERS (when the hustlers are all sitting around the poker table and unsuspecting pigeons join the game) "We aren't really working together... but we aren't exactly working against each other either" Anyone who wants to crunch the numbers, can figure out exactly who is buying and who is selling. Yorkton and Canaccord are biggest net buyers while Green Line, McDermid, RC are biggest net sellers in the past 5 days. Meanwhile, WSP has let the word out that results will be out within 10 days. I doubt if we will see them this week. My guess is next WED or THUR (as has been stated elsewhere, WSP seems to like THURSDAYS. As far as price goes, I believe we have seen the bottom. My bet is we see new high between now and results! Regards, PD