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


To: maintenance who wrote (6019)6/12/1998 7:30:00 PM
From: Famularo  Respond to of 26850
 
This is a tough market to trade in. Shorts are all over the markets. However, more the 75% of the shorters are going to get hurt soon. The resource sector is about bottomed.
This is the index that is showing the highest correlation with South East Asian equity markets. IMO, support has almost reached. Unless you can trade by the hour, I would not buy any stock unless you are prepared to lock in and forget about the trading swings. One they move upwards, it will move up faster than it took to come down. Even better, register the certifcat in your name, this prevents the house from lending your stock to shorters.

regards
Frank