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


To: Mr. Oil who wrote (9908)12/2/1998 8:33:00 PM
From: Chad Barrett  Respond to of 26850
 
Ray, for the last while this stock has traded very orderly... if you look at the chart the share price is for the most part bouncing between a line you can draw between the tops of the highest daily highs, and the bottom of the lowest daily lows. The stock tends to just fluctuate within this "channel" with a general upward trend. If the stock price were to move outside of the channel either to the upside or downside it would indicate a possible end to the current "trend". If it falls out of the trend to the downside I would probably take that as a sell signal. (I don't see that happening anytime soon...)

These are just my thoughts, and in general junior mining stocks don't form "orderly" charts.... that fact that I am seeing an orderly chart for WSP lately is one of the things that is really impressing me about WSP!

Chad

PS - I do not "read charts" to make all of my investing decisions. I just dabble with reading charts to try to see obvious trends or patterns for a stock.



To: Mr. Oil who wrote (9908)12/2/1998 8:39:00 PM
From: wayne cath  Respond to of 26850
 
Hi Ray.........Its fun to anticipate the near term....if your gut can stand it......I am trying hard to consider..... the potential TSE listing...the bulk sample....the winter drill program....the institutional buying that will come if the bulk pans out....this is all incredibly exciting stuff........SVB didn;t come close in adrenaline rush and that was a quad for me .........up or down day to day won't matter 6mo. from now .......
Being cool ..... tempted to be smart and lock in ,but won't..........just having too damn much fun!!!!

wayne