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


To: Tomato who wrote (3693)11/4/1997 3:18:00 AM
From: GOLDIGER  Read Replies (2) | Respond to of 26850
 
Dear Tomato,

Those are all very impressive and extremely moral men you mention in that book of yours. I would trust Andy Churner over George Soros'protoge any day.

How can you equate the stocks talked about in Market Wizards with a purely speculative stock such as Winspear? I think what myself and others are suggesting is that there is a good chance that the Winspear share price might rise on anticipation of a pipe being found under Snap Lake. Even if there is no pipe found there is possibly a window of opportunity for those like yourself to average down and perhaps make a silk purse out of a sow's ear.

I am trying to be helpful as are many others posting to you here. The VSE is a very unforgiving and immoral market. However,those who follow it closely, or LISTEN to those who follow it closely, often get a second chance.

So to answer your question "what happens to my average down money if there is no pipe under Snap Lake" here is my answer.Given the cyclical nature of resource stocks combined with the psychology of a drilling program, combined with the huge speculative following Winspear has, I would say if you play this stock as well as you write them songs of yours you just might come out of this smelling like Rose Tomatoes.

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GOLDIGER - CAVEAT EMPTOR