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

To: peter matson who wrote (9113)	11/3/1998 7:36:00 PM
From: bill	Respond to of 26850

Peter, WSP only dropped back one cent on the close even though the volume is down by 7/8 from the highest volume day. One would normally expect a much bigger drop in price given the drop in volume. That says to me that a lot of recent buyers are expecting a move upward.Unless the large buying over the last two weeks was done by a bunch of lemmings following some pied piper which I doubt and, if BB's sell recommendation can't do more harm than it did today, then we may be close to a bottom for the price. If there is nonews we may well get a bit more erosion but then any price move will be from a fairly good price (given that the stock was fifty cents not too long ago). There may well be a gap between information released, a financing(I hope), and the new winter drilling season that should begin around the end of Jan. However, I'll be very suprised if we don't see a move between now and Christmas.