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Gold/Mining/Energy : Western Copper Holdings Ltd. T.WTC -- Ignore unavailable to you. Want to Upgrade?

To: Don MacLeod who wrote (240)	3/17/1998 7:20:00 PM
From: c.r. earle	Read Replies (1) \| Respond to of 401

Dan, Gary, It is really difficult to say with any sort of certainty what the large volume really means. But I am sure the 'experts' will have their opinions. Really you can view it a number of ways, many people viewing the pullback as an excellent time to get in at a much more favourable price with the view that this story is far from over. And conversely a large number of people giving up the stock fearing has been overinflated with he limited exposure that WTC has to the find. My view is two fold. The drop has probably caused some margin calls, and has also caused some panic selling. I would assume that since WTC had stayed relatively stable in the last several weeks + that there had been some complacency develop by some holders, that the recent downward pressure was unexpected and further fueled the sell-off. Secondly it would appear that a number of analyst newsletter writers) have recently stated that for the market to extend new highs for WTC we would probably need a further discovery on another property that WTC has with a much larger percentage involvement. I would take an educated guess that tomorrow will see a stabilization in the price and possibly an increase. I am bullish long term and feel that this is a healthy correction allowing an opportunity for further gains. Regards