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

To: Berry Picker who wrote (23545)	7/24/1999 11:37:00 PM
From: bill	Read Replies (1) \| Respond to of 26850

Good point. I'm out and busy with an oil play. Just checking the thread to stay current. Had forgotten about the 3.00 danger zone. You're right. If WSP goes below 3.00 the brokers will pull the margins and it is either put up the cash or sell. There's more likely to be selling than paying off the margin. However, it may not have much effect. Most margin players should have been stopped out long ago. Unless they're true believers, in which case they shouldn't be on margin. That's a game for the cold hearted. If some are still in, it could create a spike down. Time to buy, I would think. I'm watching 2.56. That was a previous low. If the price gets driven below that watch out. There could be a real sell off. The thing to keep in mind is that WSP may get driven down but it will come back. It was 4.50 before, got driven down below fifty cents when we all should have been mortgaging the house, selling the kids, and buying every share we could. Those that did got a ten bagger. The chart shows an absolute low of a dollar this time around. Unlikely to go there but I would think anything around 2.50 is a steal. May never get there, of course. RT has more lives than a cat. He's only used up a couple so far. Never count him or WSP out.