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


To: dgz who wrote (24594)9/30/1999 9:59:00 PM
From: Digger  Read Replies (2) | Respond to of 26850
 
For a bunch of guys with a stake in something with as much potential as Winspear there sure is a bunch of belly aching going on. If anyone had the illusion that shareholders are running the ship, check the history on this thing. Go back to Tomato's posts of long time ago. You would think we all had seats on the board of directors.

You buys your shares and takes a ride. RT didn't finance the whole requirement because this was the best deal he could get so he didn't go for the full 50 million needed. If one does not like it one can always sell.

We are just into the second chapter of a very long book and I think there may be some who are going to look back and get a little red in the face over some of their comments, especially on Stockwatch.

The geology determines this thing, not financing, either we got it or we don't got it.

I for one am glad information has tightened up except that now even more speculation is flooding the waves.

The big question is whether or not things start heating up on this Friday......or next friday.



To: dgz who wrote (24594)10/1/1999 12:44:00 AM
From: Berry Picker  Respond to of 26850
 
OK .. I will first say I have been kissing other girls lately and not as fond of Spear as I was. I got out at $3.41 Before the gap down. That gap was formed on July 26 and was not filled until Aug 24 a month later. That is quite a long time and shows weakness.

This may be a long one for anyone who hates TA just move on

Before charts were popular ( Chinese had charts for 100's of years ) in USA Spread sheet analysis was popular. One "visual" method of viewing a spread sheet was called ................ Ringing ..............
Now I always use this "after" I trade to say SEE it would have WORKED :-}

Lets say you have a sheet with the highs and lows listed as follows

1.20 1.10
1.18 1.04
1.27 1.05
1.24 1.10

The the price of 1.04 is ringed because it is lower than the prices on both sides. It is easy to see on a chart. Also the high of 1.27 would get ringed. Now I hope I don't bore you but even though this is the most simple thing I have ever seen it seems also to be the most reliable way of LOOKING at markets. There are tons of visuals Head&shoulders Pennants Flags etc. but they should be SEEN after the swings,pivot points or RINGS as they used to be called.
Now 1.04 is a "SINGLE RING" it has higher lows on both sides.

1.20 1.10 .....I will ring the lows mostly for now...
1.18 (1.04) ....higher lows both sides
(1.27) 1.05
1.24 1.10
1.06 ((1.03))....higher lows both sides and higher rings
1.11 1.06
1.12 (1.05).....higher lows both sides
1.11 1.09

The low of 1.03 is double ringed because there are two higher
single ringed lows on both sides of it. Try this on a regular OHLC chart. You just put a "U" under the lows with higher lows both sides.. The put another "U" under the ones with higher "U" both sides.

When you get a double ring low with a higher double ringed low on either side of it.. it becomes a TRIPLE RINGER and that is the bottom of a downtrend.....

So I said all of that to say this .... continued :-}



To: dgz who wrote (24594)10/1/1999 1:03:00 AM
From: Berry Picker  Respond to of 26850
 
TA haters move on.......

On Aug 10 we had what ended up being a double ring low of 2.35

The next ringed low was 2.75 which made 2.35 a double on Aug 17

We got another double at 2.61 after the single was formed at 2.66 Sept 10

The next ringer we got was at 2.46 on Sept 29 Yesterday Todays low was 2.50 making Yesterday a ringer. Here are the ring lows so far

(((2.35))) Aug 10
(2.75).....Aug 17
((2.61))This ring makes 2.35 a triple
(2.66).....Sept 16
(2.46).....Sept 29

Having a TRIPLE RINGER at 2.35 is encouraging and it "should hold" Unless the financing is a sell out !!! ( I no longer think it is ) I just think RT is not as smart as he should be ! He may be a miner and a company maker but a Market Maker he is NOT

Here's the problem... The low of 2.46 after the stupid news release about financing BROKE a double ringer at 2.61..

Also we need to make the HIGHS and we have a double ( resistance) at 2.36 the gap filler which is good news and bad news at the smae time.

So is every thing I said a crock ??? Like phychology ???

No Chances are that the Triple will hold IT is BOSS until broken !!

A triple is a TRIPLE man

We have a triple at 2.35 and a double at 3.36 so that tends to a sideways market within those numbers but the Bottom of 2.35 is IN !!

Continues....



To: dgz who wrote (24594)10/1/1999 1:26:00 AM
From: Berry Picker  Read Replies (2) | Respond to of 26850
 
Still more... and some have paid big bucks to hear this stuff so if your bored your nuts !!!!

RSI is at 40 and going downward....
Stochastics are very oversold and crossing ON THE WEEKLY FOLKS !!!

You can tell without looking and that is when even the very very BULLISH feel a little like selling it's close to the bottom for Stochs. :-}

MACD is negative and heading south NEGATIVE

The simple moving averages of 9 days over 18 days look real good. Crossing over.

If this stock wanted to form a base this is an IDEAL PLACE.....

Well why don't I sell my house, car and boat..Too late already did :-}

If the people ( and this is Fundamental Stuff ) who are forking over 14 million Cannuck Bucks can get back their money and still hold a chunk of WSP they will... YOU WOULD... I WOULD !!!

I have bought private placement before and if I paid 2.50 a share with a full warrant and could sell it all at 2.20 or better I would... Because I just lost 30 cents a share and that is the cost of my warrants. How much would you pay for a warrant to buy WSP at 2.50 for the next 2 years.... 50 cents????? Then expect the stock to hit 2.00..

If they could sell 7 million share at 2.00 or better and hold the warrants and make another deal with another company with the money they got WHY NOT !!!!

I can see the triple ring of 2.35 holding IF they FIX the price of the stock concession at 2.50 or higher. 2.80 would be nice.... What is with the 10% late penalty bonus clause ??????

We need a little more evidence about this financing before I start screaming BUY with TREV....

But between you and me...... This is still the best bet I can find ! :-}

MY ADVICE
Buy at 2.55 SELL STOP at 2.28 RISK = .27cent Target $10