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


To: teevee who wrote (9137)11/4/1998 1:29:00 PM
From: Grant Cash  Read Replies (1) | Respond to of 26850
 
Hey, I took a little profit to diversify my holdings. I bought SND... What a deal with only 7 million out and 2.8 in the float. I think all of us can pick up some inexpensive stock from SND. Lets face it the closer WSP get to the HILL TOP/Beniah Lake claims of SND the More Diamonds they find. KAISER wrote that SND would be the one to watch if and when WSP found diamonds. Well, WSP found them and SND is just sitting their ripe on the vine for the picking.... STAY TUNE as this one will start to fly high....

Later
GC



To: teevee who wrote (9137)11/4/1998 1:38:00 PM
From: Chad Barrett  Respond to of 26850
 
teevee,

I have sold about 60% of my shares at higher prices than we have right now. If the price does retract like I believe it will, then I will definitely pick up more shares. However, I still like the looks of things for WSP so I'm not going to get rid of that other 40% of my shares at this time. Sorry!

My prediction was simply based on the lower volume of shares being traded, the lack of news, etc... after such a large run up it makes sense for there to be a bit of a consolidation. If the news comes out quickly the shares may never get back to the levels I predicted it will settle at, and hence I would only have my remaining 40% of my original shares to take for the next ride up. That would be my loss.

However, if I am right, I will be able to get back into WSP at a lower level and ride it up once again, selling 60% or so of my shares on the next run (maybe). After doing that, I would be holding only "free" shares... and some profit! I could wait for it to settle down once again (during the wait for the winter bulk sample drilling to get going) and pick up some more shares....

... those are just my thoughts on how things might go... and I am probably wrong, but I definitely don't regret having taken some profits already.

Chad