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

To: rampage who wrote (469)	5/6/1998 8:02:00 AM
From: Andrew Patterson	Respond to of 1288

I must first confess that I have no knowledge of the company or their drilling other than I read on the internet. I write only from my extensive experience with penny stocks. This play has been magnificent. From the 20 - 50 cent range two years ago to 3.50 last week. Exciting for anyone in on the ride. I've witnessed hundreds of penny stocks do the same thing. Problem is I usually buy AFTER they make their run. Otherwise I'd have been rich long ago. They invariably drop off from surges like the one in the past two weeks, in which shares almost doubled from $2 to 3.50. If this one doesn't slip back below 2.50, and maybe $2.00, it'll be a first. Even the blue chips do it. Then it'll rely on more results... Not the kind we read about, but real ones, which only the insiders know! The price will be our guide. If it stabilizes at 2 - 2.25 watch carefully. A slow rise from there should mean good news, but a slow drop will probably lead the share price back to 50 cents! Pennies are prone to promotions. Word of mouth passes fast, but when everyone who wants the stock, has it, what holds the price up? Only more buyers can do that! For the sake of everyone following this thread I sincerely hope this is the real thing. Only time will tell. Andy