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


To: Rick the Vet who wrote (21794)6/24/1999 11:32:00 AM
From: SwampDogg  Read Replies (1) | Respond to of 26850
 
If all the traders left right now...you would be back at $3.30. Is that what you want? The houses like CC are traders...do you want them to get out?



To: Rick the Vet who wrote (21794)6/24/1999 11:37:00 AM
From: james flannigan  Read Replies (1) | Respond to of 26850
 
WSP friends,keep your eye on MPV,results are due any day.Spoke my source,still expects take over by DBs last chance to buy cheap stock.



To: Rick the Vet who wrote (21794)6/24/1999 12:01:00 PM
From: Confluence  Read Replies (1) | Respond to of 26850
 
Hello Rick,

With all due respect, a couple of points:

- The "unrealistic expectations" have been built into this thread by the many long-term believers. The fact is that there is no diamond-bearing kimberlite anywhere in the world yielding valuations over $300/carat. teevee will confirm this. $180+/ton ore is wonderful, and would have helped the share price, except that expectations were too high. So good news was greeted by selling. My guess is that traders bought stock at the lows of Monday and Tuesday. You, as a long-term supporter holding out for much higher prices should welcome such opportunities to scoop up more shares "On Sale".

- The volumes, over the past several weeks, would indicate that many "lemmings" have been on the buy side, and the sell side. Use your abilities to determine how you can benefit from this, as it will happen again, your pleas notwithstanding. One of the reasons that WSP has such a large market cap is the liquidity it offers to short term traders. And the volatility certainly attracts more liquidity and traders, part of a vicious/beneficial cirle.

Hope that helps,

Confluence

PS What does DSP have to do with trading/buy and hold?



To: Rick the Vet who wrote (21794)6/29/1999 3:24:00 PM
From: Rick Hawke  Respond to of 26850
 
Rick Let them Buy and sell as they want none of it really affects those who want to hold for the long haul. I've bought in & sold out several times & made out okay everytime. Doesn't mean I'm not going to be there for the long haul.

Best of luck & regards. . . . . . Rick Hawke