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

To: stanley new who wrote (23224)	7/18/1999 9:40:00 PM
From: Andrew	Read Replies (1) \| Respond to of 26850

Stanly If I may thrown in my two cents. The long term trend is certainly up. WSP is however at a crossroads with this news and it depends IMO on the markets perception in the very short term. If it decides to head south early tomorrow which has been the pattern after news releases lately there are IMHO 3 key supports for WSP. One is the 13 week MA at 4.07 #2 is the major trendline which was only briefly pierced after the first half of the bulk was reported so I think its still valid at 3.82 and #3 is where we got support after the first half at the 40 week MA which is now 3.38. If it bounces off that 3.38 area and starts to head up again I'll be buying a few with a tight stop right below at 3.35. History has a habit of repeating itself. I really cant see it falling below 3.40 the results really arent bad just the market is. I could be out to lunch and the stock may go up right away but I doubt it. Andy

To: stanley new who wrote (23224)	7/18/1999 9:59:00 PM
From: brian krause	Respond to of 26850

stanley, here are a few reasons I am long. (1) The news on June 18 has been taken as good news by the market. It did not hold up to the previous valuations yet the most analysts felt it was satisfactory. (2) After the news of June 18 and subsequent panic the stock price recovered quickly. (3)The news of July 5 and 8 did little to move the market as these were already factored in. No surprise means that stockholders are paying attention and know what is happening. (4) With WSP reaching the $4.50 level in the past couple of weeks I would say that if the results from pit #3 came in at or exceeded those from pit #4 the market will interpret that as good news and give WSP credit for discovering a mine at Snap Lake JMO your own dd required gone for a beer bk