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Gold/Mining/Energy : Westfort Energy Ltd. (WT-T) -- Ignore unavailable to you. Want to Upgrade?

To: floj who wrote (304)	3/18/1998 2:30:00 PM
From: bill	Read Replies (2) \| Respond to of 1288

Hi FloJ, Any idea what is going on? WT gapped down 7 cents on the opening. It closed yesterday at 1.67, the opened this a.m. at 1.60. Since then it has been thrashing arouind between 1.60 and 1.67. At the moment it has settled at 1.67. I'm surprised at the gap down given that tomrrow is the day they are to receive their dep well permit. They also said that they will start work immediately upon getting the permit. I'm surprised at the gap down. Is there some part of market "psychology" that I'm missing? I know about buy on rumour, sell on news but this "news" has been known for some time, and it won't actually take place until tomorrow. Like WT, I'm thrashing about trying to underrstand what is going on.