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


To: Gone Bonkers who wrote (5729)4/21/1998 2:15:00 AM
From: robert marshall  Read Replies (1) | Respond to of 26850
 
I'm with you I need action! These exploration stocks need much more time and patience than I have.You know the saying time is money! Why waste time here.I'm sure it would be fun to be in on one of the 10 baggers these guys talk about but they are so rare. This stock looks like a bust this go around but wait til next years drilling ... that is the way it's been for the last few years also. Wait and wait some more. Sorry to much money to be made elsewhere.



To: Gone Bonkers who wrote (5729)4/21/1998 3:11:00 AM
From: marcos  Read Replies (2) | Respond to of 26850
 
GHN - ouch - I hear ya - I cleverly picked up some ghn at .24-.26 in December while bottom-fishing, now it's what, 15 cents ... I don't even look anymore. Oh well, maybe they'll pump the sucker one more time. They're shysters, you know. Shouldn't really be mentioned in the same sentence with Winspear.

I guess I missed the boat on tech stocks, but I just felt so technically ignorant. My very techie friend says that that would be an asset, he says that if you know the details you get bogged down in them, but I dunno. Anyway, all that internet paper is way too pricey - you know what AOL stands for, eh - 'All Our Lives' - that's how long it will take to get a return on investment. Barring a greater fool, I mean.

Anyway, since about Oct 95 I was largely in banks, back when nobody wanted them, at one point I had 80% of portfolio in Canadian banks, roughly 20% each in LB and CWB. Worked fine, it was better than a double, and now I'm largely out of banks, sitting on cash and commodity stocks and playing with the change.

I bailed out of WSP when Aber chose not to participate in this year's funding, and then got back in in the .80s. I think it is a pretty reasonable buy right now, as part of a person's speculative portion of portfolio, which itself should always be a minor fraction of total PF. Seventy-two cents at the close yesterday, now that is a lot of bang for the buck if they pull a core of kimberlite out of that lake. Drilling in the lake may be happening at this moment, if not, it should start within hours. All in all, I like the risk/reward at this point, and will be watching volume like a hawk whenever possible in trading hours.

Que te vayas bi‚n con DGIV, amigo ........ salud y pesetas ...... marcos