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

To: John Paquet who wrote (9968)	12/3/1998 9:26:00 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 26850

As one who follows and has invested, at one time or another, in most of the diamond stocks, I have made the following observations. 1. Many Europeans invest in Diamond stocks and are probably more knowledgeable and experienced in this area than Canadians or Americans for that matter. 2. If you notice the time difference between Europe and North America, you would note that when our market opens up the business day is well advanced in Europe. 3. The Europeans will generally do their buying in the first few hours and then go off to do whatever Europeans do after the business day closes. 4. The Europeans have been gradually relieving North Americans of their Winspear stock as they have a much better idea of where the stock price of Winspear may go. 5. The dark shadows that you see on your chart might just be the sun going down or moon shadows in Europe. 6. Or it could be the shadow from all the glaring red on the world markets over the last couple of days. 7. If you want to make money daytrading Winspear, buy in the afternoon and sell in the morning, and please be quiet about it. 8. There is another Winspear thread that you could post on if that's OK with Eric.

To: John Paquet who wrote (9968)	12/4/1998 1:08:00 AM
From: Ed Pakstas	Read Replies (2) \| Respond to of 26850

If anybody is interested in understanding what JP is talking about re: Candle stick charts here's a pretty good site that can help explain it... equis.com Still going through the learning curve on Candlestick Chart reading myself... But they are pretty good for T/A... Not that it means much, but a lot of highly paid analysts use them religiously and I'm not saying that your a highly paid analyst JP so don't let it get to your head...<ggg>... ...ed

To: John Paquet who wrote (9968)	12/4/1998 6:52:00 AM
From: maintenance	Read Replies (1) \| Respond to of 26850

I don't pay much attention to the daily price. Just for fun I will guess that today we'll see WSP close higher by a small amount, maybe 10 cents. In any event I can see your interpretation of the dark shadow, but don't see it's relevance in this stock. I think the stock is driven by anticipation of news. The news will move the price. I am still bullish for WSP in the intermediate term. Could you elaborate on the derivation and interpretation of the dark shadows, or is it simply profit taking? Cheers