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


To: Mr. Oil who wrote (9906)12/2/1998 7:56:00 PM
From: Chad Barrett  Read Replies (2) | Respond to of 26850
 
I typed up a message to post here earlier today (when the high was still $3.00 on the day)... but when I went to post it SI gave me an error message and I lost everything I had typed... I haven't gotten around to retyping it until now....

Based on the trading we are seeing right now I think we have pretty much topped out for now. It would take immenent (within a day or two) news to keep this moving up - or a leak of great news. It should trade sideways with a slight fade down to possibly the $2.50 level. This will provide good consolidation for the stock at these new levels and prepare it for its next leg up. Overall there is a very healthy looking uptrend on the charts! Things are looking good leading up to the bulk sample!

Chad

PS - Of course after I had originally typed the above thoughts the stock broke through $3 and managed to get up to $3.11... but the way it closed out the day seems to confirm what I was thinking... we'll have to see what the coming days bring. A stock that goes straight up is dangerous... one that consolidates and turns over lots of shares at each level is healthy....