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

To: C who wrote (336)	4/1/1998 11:58:00 AM
From: bill	Read Replies (1) \| Respond to of 1288

Looks like you are right about soaking up the shares available in the 1.60 range. The struggle has been all morning between buyers and sellers in the 170 to 1.74 range. Not much volume though. So far just over 40,000 shares. There should be a fair amount of resistance in this range as it is here that any WET owners will be getting back their investment. That may be why we are seeing a number of odd lots. There will be some stockholders who will be feeling great relief and saying "I never thought I'd ever get my money back. From now on, it's GIC's." We may see the same thing up through 1.80. The previous run up was so fast and on such small volume that unless people had sell orders already in, they'd have missed it. If what we get is a steady move up through 1.80, then that would likely draw out more old stock. It'll be coming from people eager to get their money back and being bought by people who think 1.70-1.80 is a good investment.I guess that's what they call moving from weak hands to strong hands.