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

To: Digger who wrote (25383)	2/2/2000 1:39:00 PM
From: bill	Read Replies (1) \| Respond to of 26850

LOL Far from a rookie. I was buying and selling WSP when most people didn't know or believe there were diamonds in the NWT. Have you heard of Fibre Clad for example, or Antler? I've read every report since then. George Trump and I go back to the beginning, along with Walt (Walt, where are you?) I've read ALL the messages on SI over the years. I'm fully aware of how WSP stock ran up over four dollars and how the believers kept saying it was going higher only to have it fall below sixty cents. TeeVee is right about the support lines. What is affecting the stock now is not the quality of the ore or the diamonds. We know what is there and we have a pretty good idea about what is likely to be proven up. What has changed is the political climate. The NDP in BC has just about destroyed the mining industry. The effect of Voisey's Bay and now the endless overlapping land claims of aboriginal groups have created a morass. Investors do not like uncertainty, especially when it comes after they've made high risk investments that have paid off. What is needed, if the Fed's want to have a mining industry in this country, is to stop the interference by special interest groups after the risk has been taken. In BC we have so many land claims that more than 100 percent ofthe province is being claimed. Try getting someone to put money into exploration when more than one aboriginal group claims Fed. permits are invalid, that they own the property and that they are in charge of any operation you bankroll. We are no longer making decisions on the basis of mining. We're making them on the basis of politics. If it keeps up, we're going to end up like a lot of countries which in the past we did not admire. Ooops, forgot to add. I unloaded my position at 4.92 on the last run up. All the technical indicators showed a top ready to break down. And, yup, I'm still holding cash and looking for a buy between 1.80 and 2.00 but, nope, I'm not so egocentric as to believe that one of my posts on SI can move the market. If you have a charting service check out the technicals. All I did was report them. This morning's price confirmed the MA crossover. There'll be a drawdown on the OBV at the end of the day and the MACD will be slightly steeper. None of these are major indicators of a price breakdown and can easily be reversed by a bit of good news. Also, volume is very light so there's no rush to get out.