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


To: marcos who wrote (23522)7/24/1999 5:58:00 PM
From: Rocket Red  Read Replies (1) | Respond to of 26850
 
Marco's
Yes Winspear will have a mine at some point the Lastest Bulk sample Did not Live up to market expectations or most on this Board including
Myself.I sold out after the halt cause I figured the market would react negative to the results.
To many Unanswered Questions YET.
Winspear is Broke until Warrants get exercised at 2.25.I suspect those Warrants will be Feed out to Institutions at those prices.
Right now there is no Upside to Winspear.(Bearing a White Knight Comes Along)I will take my chances nothing Happens for 2 Months Here.

Will buy Back When the Time is Right.

Cheers.



To: marcos who wrote (23522)7/25/1999 7:39:00 PM
From: .Trev  Respond to of 26850
 
Hey Macros!

You heard it here first!

Just read a few posts having had the week-end off line. but I've already read enough. You're right the majority seem to be very negative. That takes me back to one of the toughest lessons I ever had to learn, and it applies to life, not just the market:-

"THE MAJORITY IS ALWAYS WRONG"

SOME PEOPLE THINK OF IT AS THE 80/20 PRINCIPLE.
Doctors, dentists business people, ask any of them . The simple fact is that 80% of your customers produce nearly all of the work and none of the profit. In the market some 20% or less of the people make money. The rest,poor souls repeatedly make wrong decisions and feed money into the market to support the rest of us. we need them don't knock it. There is no pot of gold, only other people's money.

That's how big players become big. They have the intestinal fortitude and the cash reserves so that they can make smart decisions based on knowledge, not pressure. You can't make smart decisions if other people are making them for you. It doesn't work playing with the rent money or grocery money, the pressure is too much..... but then you know all that, this is really for those who don't.

Cheers