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

To: marcos who wrote (3831)	11/12/1997 12:09:00 AM
From: bill	Respond to of 26850

You sell the stock, you can't buy it back for thirty days. Otherwise you will not be deemed to have disposed of it. Calendar days as far as I know. Unload WSP now, you want the tax loss, no buying it back until Dec. 13. No drilling until middle of January, maybe closer to the end. Hmmmm. Would have been less risky selling in Sept. Got it over with. Problem is leaving tax loss selling until Dec., and not being able to get back in when the action is starting on diamond plays. Odd kind of timing taxes/diamond plays.

To: marcos who wrote (3831)	11/12/1997 12:28:00 AM
From: GOLDIGER	Respond to of 26850

Marcos, I believe your RRSP is treated like an arms length entity in the situation you described. That is quite an interesting strategy you are following especially given the cyclical nature of stocks like Winspear. As for your prognostications, Winspear did hit $1.05 near the end of October which is fairly close to your enthusiatistic prediction. I'll give you a B- for stock price predicition 101 with an Eh! for effort. It seems our panel of distinguished posters are in loose agreement that Winspear is not under too great a threat from tax loss selling. The only fly in the ointment I can think of is what if some fund manager holding a block of Winspear decides to pretty the books prior to year end. Apart from that possibility Winspear in my opinion is a strong average down candidate at these levels. I personally averaged down one third of my target the other week in the mid-seventies and will be looking to do some more when my accounts allow it. GOLDIGER - CAVEAT EMPTOR