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

To: Doug who wrote (6565)	6/28/1998 10:37:00 AM
From: Buckey	Read Replies (1) \| Respond to of 26850

Doug - I thought the same thing when I read the article - Error in the article - The 7.1MM shares was Thursday - The News came out midday Tuesday. There was no public news on Thursday - Normally that should have been a pullback day. NOT

To: Doug who wrote (6565)	6/28/1998 11:53:00 AM
From: bill	Read Replies (3) \| Respond to of 26850

Sorry, Doug, Careless use of the language. I should have been clearer. Sometimes we mean one thing and say another. There had been the news release with the big stones. Then a gap. Then the big run of seven million shares. The explanation for the gap has been that it took the market that long to understand the significance of the large stones. Maybe, but I find that hard to believe. I remember ABZ results coming out. For an hour trading was normal, then all at once, the trading increased dramatically in volume. A one hour gap I can understand. But a gap of days? I may be totally wrong but the way the volume has played out, I would have guessed that there was further news to come. There has been no NR. Therefore, I went back over what has happened and tried to pinpoint what might be missing. Results from drilling that have not yet been reported? Someone has stumbled across something significant outside the carried out drilling? Word has got out, in spite of WSP's efforts to keep it secret, on the characteristics of the diamonds? The explanation that the market just took a few days to figure out the importance of the results doesn't to me, justify the volume. However, in a dreadful market like this for resource stocks, maybe this was the closest to a party that there has been in a long time and everybody jumped in. Crazier things have happened. But, I don't know, my journalist warning flag goes up whenever the pieces of a puzzle don't fit together. For example, PUG has a jv outside of Canada that found a very large diamond. The price has continued to tank. Maybe that's because it's off shore. MPV is supposed to have good results and the trend is definitely down. Wish insiders had to report buys and sells within twenty four hours. Or that it was possible to keep track of the buying being done by their wives, husbands, girlfriends, boyfriends, hairdressers. I see MM that you think the insiders were unloading paper like crazy and that held the price down. I understand about the momentum traders. But over the last while the amount of stock bought and sold has been exeptional. As usual, I'm probably looking for more than is there. But then I still think there was a second shooter on the knoll.