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

To: Chad Barrett who wrote (10017)	12/4/1998 8:40:00 PM
From: marcos	Respond to of 26850

This thread has always been a bit of a free-for-all in a zoo. That's ok, it takes all kinds to make a thread, or a market for that matter. There's a lot higher proportion of fundamental and technical info on Trump's 12 #Subject-18635 .... Dave M got disgusted with us last year [well, it's not like he didn't have good reason] and started up a Fact thread #Subject-17242 but nobody posts there much. With the sole exception of one very recent poster, there's value in it all imho. Like you say, those of us who trade it tend to hold it long as well. We're all resource players here, and all too aware of how stocks can go down at times. If we didn't like wsp's chances in the long run we wouldn't touch it except from the short side, and I don't think many smart people want to be short this one. Hope to hear from Walt soon ... he has computer problems sometimes #reply-2327620 ...... cheers, all ...... macros

To: Chad Barrett who wrote (10017)	12/4/1998 8:54:00 PM
From: Abner Hosmer	Read Replies (1) \| Respond to of 26850

Great post, Chad. As far as I am concerned, the prime directive on all dog-chit exploration stocks is DON'T LOSE MONEY. Most of these stocks that run get ahead of themselves on speculative fervor, because there is so much money chasing such slim odds in this game. The timetable required to justify speculative values almost inevitably slips, by weeks, months, years....and the stock along with it. Often it is just one long, slow fall, and the value never materializes. I don't EVER want to be in the position of averaging down in an attempt to mitigate my losses. I want to fully evaluate the downside risk ahead of time. I DON'T want to be holding a stock at a loss, whatever it's "inevitable" upside. I want the stock to go UP after I buy it. And if it doesn't, I'm going to have a mental stop set to cut my losses. If it falls through a reasonable stop, you can always get it at a lower price, often considerably lower. The vast majority of these exploration stocks will never demonstrate true value, and that means that TIMING is a critical and most often, indispensable factor in making a profitable trade. Just a fraction of a percent of these stocks could ever justify a buy-and-hold rating!

To: Chad Barrett who wrote (10017)	12/4/1998 10:33:00 PM
From: Clark Kent	Read Replies (2) \| Respond to of 26850

Congrats Chad, you took some time to write that message and I appreciate it completely. I should copy and paste the thing (replacing names where applicable) on every resource thread at SI. I won't though, too lazy<grin> Just wanted to let you know comments/views like yours are why I keep loggging on to this forum. U 2 marcos.

To: Chad Barrett who wrote (10017)	12/5/1998 10:08:00 AM
From: L. D.	Read Replies (4) \| Respond to of 26850

I'm glad you and John find day trading and TA fun and enjoyable and an occasional comment on a possible price movement is welcome. Nonetheless, kid- like behavior in light of majority's dissatisfaction with a barrage of posts and expert- like comments leaves a lot to be desired. I'm quite positive that you and other day trading souls wouldn't appreciate to see an out of control freak on "Day Trading in Canada" thread bombarding you with the idea that the only way to invest is by adopting Warren Buffet's strategy. Every investment strategy is all right, as long as it works, and it's merits are reflected in the number of digits under "Account Balance", not what one says on SI. Investment strategies are only as good as the person implementing it, what's appropriate for one person might be inappropriate for the other. Judging by some of the post's, one gets the impression at times that momentum trading is THE only way to go. Well maybe so, but if I choose to hold onto my investment as a long- term ( or part of it for that matter ), don't keep on coming back to me and rub it in my face by implying that I'm less of a man than you are. It seems that the "new generation" of day traders feel a sense of duty to visit as many threads as possible and spread "The Gospel" in a similar way as a teenager would do upon loosing his virginity; "Look mom, no hands but I'm still getting an orgasm". The funny thing is, that the most the successful day traders that I've come to meet, never or hardly ever post on SI, and these are the people who would spin me around once, sell me into the market and I probably wouldn't know what has hit me. This particular situation wouldn't get out of control if John would conduct himself in a gentlemanly fashion and, upon reading pleas from some of the participants on this thread, limited the number of posts to acceptable level. Yes, this is a free country and everyone has "The Right" to post on SI, however, no need to get disrespectful and insensitive towards fellow investors. The up- front assumption that one is "The Best" along with his/her strategy and the rest of the crowd out there are just a lost, unsophisticated, aimlessly wandering sheep, speaks volume about the person. It shouldn't be anybody's concern whether or not I'm holding a bunch of "dogs" in my portfolio. I appreciate a different point of view which is presented to me once, it looses the meaning and credibility when it's presented to me ten times in a row. It warms my heart to know that Eric made an impact on you and you recognized some validity in his claim. No doubt he made us stop and think. No doubt he was entertaining at times. Overlooking the above, the fact remains that his malicious accusation didn't make much of a statement about his knowledge and personality. Trust me on this, management wasn't impressed with him at all, which should be understandable as the timing of his theory couldn't be worse, in light of what has happened to the resource market. Any unsubstantiated claim like that places a shadow of doubt on a legit result, which is counterproductive for the company that would like to graduate to a better exchange and before that raise additional WC. Finally, finding the balance between the hype and the reality is our personal choice, it should not be forced upon us. Voicing a point of view is our privilege. But the manner in which it is done is a sign of maturity. I have seen more "Investment Experts" and "Prophets" have their "Star" dimmed in the past two years than I care to remember. Let's not forget that no matter what anybody says, what it comes down to is this: You, your money and knowledge, the machine in front of you and the "Beast" called Stock Market. Good day.

To: Chad Barrett who wrote (10017)	12/5/1998 11:02:00 AM
From: MrsNose	Respond to of 26850

Excellent post Chad! I myself did lock in some profits this week, but will be picking up some more, as I am bullish on this play. I think you have stated all the facts in dealing with what is at this point, a merely speculative play. It will take a lot more time and money to prove if this is a mineable deposit. All the best, Margie

To: Chad Barrett who wrote (10017)	12/5/1998 1:40:00 PM
From: John Paquet	Read Replies (2) \| Respond to of 26850

Chad; I found that there are many good points in your posting. It has that quality of deep thoughts and critical thinking. It has that great capacity and strength that you can accommodate anything no matter is good or bad. I congratulate on your success in achieving this many up-fronts that I have never seen in this SI talks. I would like to express some of the points a bit at a time. For example one of your good points is " I get more value from being here by listening to others analysis of the company -- either good or bad. " It is clearly that you choose "wisdom" and "knowledge" by listening to others opinion rather than others' obsession of self-bias, self-indulgence and greed. Westber once said " The man who can teach me something is the man I want to know." King Solomon said "Wisdom is the principle thing; therefore get wisdom and with all your getting; get understanding." Solomom further said " Knowledge is of more value than gold [in this case diamond]; receive my instructions and not silver; and knowledge rather than choice of gold [diamond] BTW; In comparison with the other follow's posting { JUST FOR THE COMPARISON SHAKE ONLY]; I think Natheanc's; your is far far above the heaven, that Nathena's is far far below the hell. Cuz you choose that wisdom and knowledge and he chose the diamond; self-indulgence, and greed. He at least two times said "I want that diamond only." it is too greed and biased; Isn't it???? He even told this thread that our WSP would be closing at that $10.00, What a misleading postings it was!!!!!! Again, this is purely SI talks, for discussion only, no intention to offend anybody. John Paquet