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

To: GOLDIGER who wrote (3821)	11/11/1997 8:08:00 AM
From: The Fix	Read Replies (2) \| Respond to of 26850

Diger....Funny you should mention this as I was thinking about this very same thing last week. I'll take a stab at what I think. Last Winter/Spring alot of people were in junior plays (Specs.) thru their Margin Accts. These margin accts. were backed by stocks like Bre-X, Bema, Bresea, AT & T, Ford, Freeport, etc., etc. When Bre-X went down alot of the margins got called in and this caused a domino effect. These people were forced to sell WSP to cover on Bre-X. Hey everyone thought Bre-X was a true blue play. When they went down their was mass carnage in the streets and all of a sudden a junior spec. bear market was formed. IMHO I think that alot of the selloffs already happened (by way of a call in margin). I think that Dec. selloffs will be marginally less than in previous years. Look at how the houses are positioning themselves now on WSP as compared to a normal Tax/Loss selloff year. The houses never lose. DISCLAIMER - This is Just My Opinion and remember that I'm protected by the Citizenship of the Great Nation of the Caymans. Long live the Caymans. J.F.