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

To: marcos who wrote (23602)	7/26/1999 2:45:00 PM
From: Shaw	Respond to of 26850

Hi Marcos and Bearcatbob, I echo Marcos' opinion. I think if you stand back and look at the events of the last several months, objectively, the market for WSP has acted pretty much as it should've with public info. Here's my stab as a WSP ticker/news watcher and trader (bought and sold a few times) over the last 6 months or so. 1. $343 mini-bulk figure in hand. Market thinks those numbers will be held up somewhat ($275, maybe?) and buys WSP up to $5+ (in May). Pure speculation. 2. Those #'s come in at 181, alot less than the market expects. Stock tanks to $3.20 and then comes back because (as many on this thread echoed) they think the next bulk will come in much higher. Market speculates again and runs WSP up to $4.65. 3. Good tonnage estimates come out. Stock trades bullishly. 4. Next bulk comes out, once again below expectations and the stock predictably sells off. The only difference this time than the last, IMO, is there is nothing left in the forseeable future to speculate on (TSE listing.... pretty much a given??? Confirmation with CF results... pretty much a given also). That's when Confluence and a few others stated they couldnt see WSP moving up in the near future because of a dearth of news. I didnt listen and bought some last week thinking 3.75 was the bottom. I stopped out and took the loss because the market looked so yukky. When I look back on it with 20/20 hindsight, I guess I was too bullish. I still can't quite figure out the tank this morning to $2.75, though. Maybe Confluence is right and a $140M mkt. cap for this is still too high. I dunno, but I am not currently thinking of jumping back in at these levels. Regards, Dean