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

To: Intrepid1 who wrote (9056)	11/2/1998 2:41:00 AM
From: bill	Respond to of 26850

Thanks, I didn't realize that the trades were "gathered" by month and then posted by the VSE. Nov. 10th will be revealing. Yes, I agree, insider buying is a pretty good indicator. Insider selling is less indicative of stock direction. Divorces, taxes, kids going to college, all can trigger sales. But buying, unless its been set up as a misleading wash to draw in the suckers, is done for only one reason--because the buyers figure the stock is going up. One has to keep in mind the times that insiders simply get it wrong. I've seen instances where insiders have sold just before a run up. I can't think of any instances where insiders have been buying and the stock has plunged but probably other posters know of such circumstances. However, you're absolutely right. If RT and friends are buying, then the odds are very high that WSP is heading up. Let's hope they've been buying. I would like to see WSP go to the well and fill up the bucket but I'd like to see them do it at between five and ten bucks. Less dilution and less need to return to the well. If they've got something in the area of the new dyke, then they're going to need financing because there'll be a lot of holes to drill and samples to take.

To: Intrepid1 who wrote (9056)	11/2/1998 2:50:00 AM
From: bill	Read Replies (1) \| Respond to of 26850

Something I wanted to ask about was about fake bids. I've noticed a number of times that there will be matching bids just before the market opens. Say 8.75 bid 8.75 ask. Closing bid for the day before, 8.25. It looks like the stock is going to run away. A break upward from the previous days close is very bullish. The temptation is to jump in before the rocket goes off. Except that by sitting back and waiting, I see that no sales appear on the screen. When the first trade finally does appear, it's at 8.25 or even lower. The bid must have been pulled at the last second. Was I watching a fake bid? Is it possible that both bid and ask were being made by the same person with the real purpose being the selling of the lot of shares at 8.75? I've heard it said that experienced market players don't buy on the opening but wait. Is it because there's an opportunity for manipulation at the opening?